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प्रश्न
| Price in (₹) | Quantity demanded (units) |
| 20 | 100 |
| 25 | 70 |
The above example represents a situation of ______.
पर्याय
Increase in demand
Decrease in demand
Contraction of demand
Extention of demand
उत्तर
The above example represents a situation of Contraction of demand.
Explanation:
The example shows that when the price increases from ₹20 to ₹25, the quantity demanded decreases from 100 units to 70 units. This represents a contraction of demand, which is a movement along the demand curve due to an increase in price, leading to a decrease in the quantity demanded.
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संबंधित प्रश्न
Outline the steps taken in deriving Consumption Curve from the Saving Curve. Use diagram.
Answer the following question.
Differentiate between the extension of demand and an increase in demand, using diagrams.
Answer the following question.
Give any three factors that can cause a rightward shift of the demand curve.
Explain the following condition:
Movement along the same indifference curve.
From the set of events/systems given in column A and the corresponding relevant fact given in column B, about China, choose the correct pair of statements:
| column A | column B |
| (1) Shift in the Demand Curve | (a) Increase in quantity demanded |
| (2) Movement along the demand curve | (b) Increase in price |
| (3) Shift in the Demand Curve | (c) Decrease in price |
| (4) Movement along the demand curve | (d) Snob effect |
What does an upward movement along the same demand curve indicate?
Match the following and select the correct option.
| Column A | Column B | ||
| (i) | Extention of demand | A. | Prices are expected to rise in future |
| (ii) | Decrease in demand | B. | Rise in price |
| (iii) | Contraction of demand | C. | Prices are expected to fall in future |
| (iv) | Increase in demand | D. | Fall in prices |
What is meant by expansion of demand?
What causes a downward movement along a demand curve?
What causes an upward movement along a demand curve?
