Advertisements
Advertisements
प्रश्न
In the following diagram, the demand curve is upward sloping. Under what kind of goods is it possible?
पर्याय
Normal goods
Giffen goods
Veblon goods
Both (b) and (c)
उत्तर
Both (b) and (c)
APPEARS IN
संबंधित प्रश्न
With the help of suitable diagram explain the meaning of rightward shift in the demand curve. Explain briefly any two of its determinants.
Complete the following demand schedule:
| Price (in ₹) | Quantity of mangoes demanded (in kg) |
| 350 | 2 |
| 300 | |
| 250 | |
| 200 | |
| 150 | |
| 100 |
Demand curve of a good shifts from DD' to Demand dd'. This shift can be caused by:
The market demand curve is a ______ summation of all individual demand curves.
Differentiate between individual demand schedule and market demand schedule.
State the impact of the following changes on the demand curve of a commodity:
A rise in the price of the commodity
State the impact of the following changes on the demand curve of a commodity:
Increase in the supply of a substitute commodity
State the impact of the following changes on the demand curve of a commodity:
Increase in the price of a complementary commodity
Shyam, Sita, Renu, Ahmed and John are five consumers of apples. Their demand for apples is given below. Derive the market demand schedule for apples.
| Price per Kg (in ₹) | Quantity Demanded (Apples) in Kg. | ||||
| Shyam | Sita | Renu | Ahmed | John | |
| 25.00 | 16 | 15 | 12 | 14 | 18 |
| 30.00 | 12 | 11 | 10 | 8 | 15 |
| 35.00 | 10 | 9 | 8 | 6 | 12 |
| 40.00 | 8 | 6 | 4 | 2 | 8 |
Define an individual demand schedule.
