Advertisements
Advertisements
प्रश्न
An increase in the price of electricity will cause an ______.
पर्याय
Increase in the demand for solar heaters
Decrease the demand for solar heaters
Increase in the demand for Geysers
None of the above
उत्तर
An increase in the price of electricity will cause an Increase in the demand for solar heaters.
Explanation:
An increase in the price of electricity makes electric appliances like geysers more expensive to use. As a result, consumers may look for alternative solutions that do not rely on electricity, such as solar heaters. Therefore, the demand for solar heaters, which are substitutes for electric geysers, would likely increase.
APPEARS IN
संबंधित प्रश्न
What does a downward movement along the same demand curve indicate?
When the demand curve of a product shifts to the right, it represents a situation of ______.
An increase in the price of electricity, will curve the demand for electric appliances to ______.
The goods whose demand decreases as income increases.
If X and Y are complementary goods, a rise in the price of Y will cause the demand curve of X to ______.
What is increase in demand?
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?
