Advertisements
Advertisements
प्रश्न
Distinguish between ‘increase in demand’ and increase in quantity demanded of a good.
उत्तर
Increase in demand and increase in quantity demanded of a good
Increase in quantity demanded | Increase in demand |
It refers to quantity demanded changes due to change in the price remaining other factors constant. |
It refers to a rise in demand for a commodity because of factors other than the price. |
Factors which cause the increase in quantity demanded
|
Factors which cause the increase in demand
|
It leads to a movement along the same demand curve either upwards or downwards |
It leads to shifts in the demand curve either rightwards or leftwards. |
APPEARS IN
संबंधित प्रश्न
Compare inelastic demand with perfectly inelastic demand.
When is demand called perfectly inelastic?
Fill in the blank with proper alternatives given in the bracket:
Indirect demand is also known as _______ demand.
Fill in the blanks using proper alternatives given in the brackets.
Demand for car and petrol is ____________ de
Fill in the blank with appropriate alternatives given in the bracket:
The law of demand states ________ relation between demand and price.
Fill in the blank with appropriate alternatives given below
When price of commodity rises, the demand for it ______________.
State whether the following statement is TRUE and FALSE
Quantity demanded varies directly with price.
Give reason or explain the following statement.
Demand curve slopes downward from left to right.
Answer the following question
What do you mean by demand?
Distinguish between substitute goods and complementary goods, with examples.
Which of the following statements is true?
Which of the following is correct?
Read the following news report and answer the Q.97-Q.100 on the basis of the same:
The quantity of a commodity that a consumer is willing to buy and is able to afford, given the prices of goods and the consumer's tastes and preferences is called demand for the commodity. Whenever one or more of these variables change, the quantity of the good Chosen by the consumer is likely to change as well. The relation between the consumer's optimal choice of the quantity of a good and its price is very important and this relation is called the demand function. Thus, the consumer's demand function for a good gives the amount of the good that the consumer chooses at different levels of its price when the other things remain unchanged.
Assertion: The income of the consumers remains unchanged
Reason: Commodity should be a normal good.
Select the correct alternative from the following.
Read the following news report and answer the Q.97-Q.100 on the basis of the same:
The quantity of a commodity that a consumer is willing to buy and is able to afford, given the prices of goods and the consumer's tastes and preferences is called demand for the commodity. Whenever one or more of these variables change, the quantity of the good Chosen by the consumer is likely to change as well. The relation between the consumer's optimal choice of the quantity of a good and its price is very important and this relation is called the demand function. Thus, the consumer's demand function for a good gives the amount of the good that the consumer chooses at different levels of its price when the other things remain.
The price elasticity of demand for a good depends on ______ and ______ of the good.
Which of the following statement is true?
Which of the following is the reason behind the downward slope of demand option?
If there is no change in the demand for commodity X, even after a rise in its price, then its demand is ______
In an open economy, Aggregate Demand is estimated as: