Advertisements
Advertisements
प्रश्न
With the help of a graph explain the increase in demand concept.
उत्तर
Increase in demand refers to a rise in the demand of a commodity at the same price. It is caused by any factor other than the own price of the commodity. It denotes a situation where demand for a commodity increases in the market. It leads to rightward shift of the demand curve. The concept of an increase in demand is illustrated in the below digram.
The above figure shows that when the price of good-X is ₹ 10 per unit, 5 units are demanded. At the same price of ₹ 10, consumers demand 10 units. It may be due to increase in their income or change in tastes in favour of the commodity, or other factors.
APPEARS IN
संबंधित प्रश्न
What is meant by the contraction in demand?
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
What is an expansion of demand?
What is a decrease in demand?
Give two reasons for the shift of the demand curve towards the left.
With the help of a suitable diagram, distinguish between a change in quantity demanded and a change in demand.
Distinguish between 'movement along the demand curve' and shift of a demand curve.
Define contraction of demand (or decrease in quantity demanded).
The following table shows a change in the demand. Read the table carefully and answer the question that follows:
| Case I | Case II | ||
| Price (₹) | Quantity | Price (₹) | Quantity |
| 10 | 20 | 10 | 20 |
| 10 | 10 | 5 | 20 |
What type of change is it, decrease in demand or contraction in demand? Give a reason.
Give two factors responsible for the shift of the demand curve to the right.
