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प्रश्न
With the help of a suitable diagram explain the extension in demand?
With the help of a suitable diagram, explain expansion in demand.
उत्तर
When the demand of a commodity rises due to fall in its price, called expansion in demand.
Diagrammatic Explanation: In the diagram when price falls from OP to OP1, demand expands from OQ to OQ1.
संबंधित प्रश्न
Mr Vijay purchases 2 litres of milk per day when it is priced at ₹ 35 per litre. Suppose he has some guests at home and consequently he purchases 6 litres of milk on that day. What will you call it?
If X and Y are complementary goods, a rise in the price of Y will cause the demand curve of X to ______.
An increase in the price of electricity will cause an ______.
How does an increase in income affect the demand for a normal good?
What is decrease in demand?
Differentiate between a change in quantity demanded and a change in demand.
State two types of related goods.
What does a rightward shift of demand curve indicate?
Explain the diagram given alongside.
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.
