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प्रश्न
Distinguish between 'movement along the demand curve' and shift of a demand curve.
फरक स्पष्ट करा
उत्तर
| Movement along the demand curve | Shift of a demand curve | ||
| (i) | It consists of the extension of demand and the contraction of demand. | (i) | It consists of an increase in demand and a decrease in demand. |
| (ii) | Other things being equal, when there is a change in the price of a good, the resulting change in demand is defined as movements· along the demand curve. | (ii) | When demand changes on account of the factors other than change in price is called as shifts of a demand curve. |
| (iii) | The change in quantity demanded is shown on the same or original demand curve. | (iii) | The change in demand is shown on the different demand curve. |
| (iv) | Extention of demand |
(iv) | Increase in demand |
| (v) | Contraction of demand |
(v) | Decrease in demand |
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Changes in Demand
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संबंधित प्रश्न
What is meant by an increase in demand?
Differentiate between extension and contraction of demand.
What is an expansion of demand?
What is a decrease in demand?
Give two reasons for the shift of the demand curve towards the left.
Define contraction of demand (or decrease in quantity demanded).
What causes an upward movement along a demand curve?
With the help of a suitable diagram, explain expansion in demand.
Explain the following diagram.
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.
