Advertisements
Advertisements
प्रश्न
Give two reasons for the shift of the demand curve towards the left.
उत्तर
The demand curve may shift towards the left due to the following reasons:
- Fall in consumer's income.
- Fall in the price of a substitute for the good.
संबंधित प्रश्न
What is meant by an increase in demand?
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
Differentiate between extension and contraction of demand.
What does an upward movement along the same demand curve indicate?
What is an expansion of demand?
Explain the following diagram:
With the help of a suitable diagram, distinguish between a change in quantity demanded and a change in demand.
What is meant by an increase 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.
