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प्रश्न
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
पर्याय
Move upward along the same demand curve.
Move downward along the same demand curve.
The demand curve will shift to the right.
The demand curve will shift to the left.
उत्तर
The demand curve will shift to the left.
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संबंधित प्रश्न
What is meant by an increase in demand?
With the help of a graph explain the increase in demand concept.
Differentiate between extension and contraction of demand.
What is an expansion of demand?
Explain the following diagram:
In order to encourage tourism in Goa, Government of India suggests Indian Airlines to reduce air fares to Goa from four major cities: Chennai, Kolkata, Mumbai and New Delhi. If the Indian Airlines reduces the air fare to Goa, how will this affect the market demand curve for air travel to Goa?
What causes a downward movement along a demand curve?
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.
State whether the following statement is true or false. Give reasons.
An increase in the demand for a commodity is due to a fall in its price.
State whether the following statement is true or false. Give reasons.
Contraction of demand is the result of a decrease in the number of consumers.
