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प्रश्न
Any statement about demand for a good is considered complete only when the following is/are mentioned in it:
पर्याय
Price of the good
Quantity of the good
Period of time
All of the above
उत्तर
All of the above
Explanation:
A statement about demand for a good is considered complete only when it includes:
- Price of the good: Demand is always linked to a specific price level.
- Quantity of the good: It specifies how much of the good is demanded.
- Period of time: Demand is typically measured over a specific period, such as per day, week, month, etc.
संबंधित प्रश्न
Briefly explain any two reasons for the occurrence of the law of demand.
Complete the following statement:
Symbolically, the functional relationship between Demand and Price can be expressed as ______.
The Law of Demand was introduced by ______.
Increase in demand is caused by
In case of relatively more elastic demand, the shape of the curve is
Distinguish between extension and contraction of demand.
State with reason whether you agree or disagree with the following statement :
When price of Giffen goods fall, the demand for it increases.
When at a price of ₹ 5 per unit of a commodity, A's demand is for 11 units, B's demand is for 14 units and C's demand is for units (assuming that there are only three consumers in the market), the market demand is ______.
Giffen goods are richman's goods
If prices of cars rise, many people may put off buying a new car. So the demand for petrol will fall.
If a good is inferior good, then purchases of that good will decrease when ______.
Pick the option which does not belong to the group:
State the law of demand.
What is meant by the income effect of a fall in the prices of a commodity?
Explain four circumstances under which the law of demand does not operate.
Identify the correct statement from the following alternatives:
The following table shows the amount of sugar bought by a household at different prices:
| Period | Price (₹ per kg) | Amount Bought (kg) |
| Jan. 2000 | ₹ 15 | 4 |
| Feb. 2000 | ₹ 16 | 5 |
Does the behaviour of household contradict the law of demand? Give reasons in support of your answer.
