Advertisements
Advertisements
प्रश्न
What does a rightward shift of demand curve indicate?
उत्तर
A rightward shift of demand curve indicates increase in demand due to change in any factor other than the own price of the good, e.g., rise in income (in case of a normal good), rise in price of a substitute good, etc.
APPEARS IN
संबंधित प्रश्न
What does a downward movement along the same demand curve indicate?
When the demand curve of a product shifts to the right, it represents a situation of ______.
The goods whose demand decreases as income increases.
Mr Vijay purchases 2 litres of milk per day when it is priced at ₹ 35 per litre. Suppose he has some guests at home and consequently he purchases 6 litres of milk on that day. What will you call it?
If X and Y are complementary goods, a rise in the price of Y will cause the demand curve of X to ______.
An increase in the price of electricity will cause an ______.
How does an increase in income affect the demand for a normal good?
What is increase in demand?
There are train and bus services between New Delhi and Jaipur. Suppose, the train fare between the two cities comes down. How will this affect the demand curve for bus travel between the two cities?
The following table shows a change in the demand. Read the table carefully and answer the question that follows:
Case I | Case II | ||
Price (₹) | Quantity | Price (₹) | Quantity |
10 | 20 | 10 | 20 |
10 | 10 | 5 | 20 |
What type of change is it, decrease in demand or contraction in demand? Give a reason.