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प्रश्न
What is meant by an increase in demand?
When does an 'increase' in demand take place?
उत्तर
Increased demand is a rise in commodity demand that results from a factor other than the item's price. More quantity is demanded at the same price.
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संबंधित प्रश्न
What is meant by the contraction in demand?
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
Differentiate between extension and contraction of demand.
What does an upward movement along the same demand curve indicate?
Explain the following diagram:
Give two reasons for the shift of the demand curve towards the left.
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?
What causes a downward movement along a demand curve?
What does a rightward shift of demand curve indicate?
Give two factors responsible for the shift of the demand curve to the right.
