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प्रश्न
What causes an upward movement along a demand curve?
उत्तर
A rise in the price of the good, other things remaining the same, causes an upward movement along a demand curve. An upward movement along a demand curve indicates contraction of demand.
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संबंधित प्रश्न
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
When the demand curve of a product shifts to the right, it represents a situation of ______.
What is an expansion of demand?
What is a decrease in demand?
Explain the following diagram:
In order to encourage tourism in Goa, Government of India suggests Indian Airlines to reduce air fares to Goa from four major cities: Chennai, Kolkata, Mumbai and New Delhi. If the Indian Airlines reduces the air fare to Goa, how will this affect the market demand curve for air travel to Goa?
Define contraction of demand (or decrease in quantity demanded).
What does a rightward shift of demand curve indicate?
Give two factors responsible for the shift of the demand curve to the right.
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.
