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प्रश्न
Explain the following diagram:
उत्तर
- In the diagram, the demand curve shifts to the right from DD to D1D1·
- It shows the situation of increase in demand.
- A larger quantity (OQ1) instead of OQ0 is demanded at the same price of OP1.
- Same quantity OQ0 is demanded at a higher price of OP1.
संबंधित प्रश्न
The demand curve is generally ______.
The market demand curve is a ______ summation of all Individual demand curves:
Assertion (A): If the income of a consumer increases, other things constant, the demand curve for a normal goods shifts to the right.
Reason (R): As income increases, the demand curve for an inferior good shifts to the left.
Assertion (A): Demand curve is downward sloping.
Reason (R): Demand curve slopes downwards from left to the right because price and quantity demanded are inversely related.
Give two reasons for the shift of the demand curve towards the left.
Give two reasons for the shift of the demand curve towards the right.
In 2002, the prices of gold nearly tripled. yet, as the price of gold rose its sales too increased. Does this mean that the demand curve for gold is upward sloping? Justify your answer.
Draw a demand curve on the basis of the following data.
| Price per unit (₹) | 2 | 3 | 4 | 5 | 6 | 7 |
| Quantity demanded (Units) | 1000 | 800 | 700 | 600 | 500 | 200 |
With the help of a diagram, show how a market demand curve can be obtained from individual demand curves.
Briefly explain any three determinants for the negative slope of the demand curve.
