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प्रश्न
When does ‘increase’ in demand take place?
उत्तर
An increase in the demand is caused by a change in the factors other than own price of the good. It includes an increase in income, change in taste and preferences of the good. Diagrammatically, it is shown as a forward shift in the demand curve.
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संबंधित प्रश्न
State and explain the ‘law of demand’ with its exceptions.
Explain the effect of change in prices of the related goods on demand for the given good.
Prices of other goods and demand for the given good.
Explain how do the following influence demand for a good:
i. Rise in income of the consumer.
ii. Fall in prices of the related goods
How does change in the price of a substitute good affect the demand of the given good? Explain with the help of an example.
Fill in the blank using proper alternative given in the bracket:
Market demand is a total demand of...............buyers.
State with reason, whether you Agree or Disagree with the following statement.
The demand curve slopes downward from left to right.
Write explanatory notes or answer the following.
Aggregate demand
Do you agree with the following statement? Give reason
State and explain the law of demand.
Assertion (A): Under exceptional cases, demand curve has a positive slope.
Reasoning (R): In exceptional cases, consumer buys more when the price of a commodity rises and buys less when the price of commodity falls.
The shape of supply curve is ______
Explain why the demand curve slopes downwards.
Study the following diagram and answer the questions:
Questions:
- In which direction does the demand curve slope?
- What is the reason for the fall in demand of rice from Q0 to Q1?
Figures (A), (B) and (C) given below represent different types of Demand curves.
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 |
 |
| (A) | (B) | (C) |
What kind of goods do each of these Demand curves represent? Give a reason for each of the curves.
Draw a straight-line demand curve joining both the axes. Indicate the following on the demand curve.
Elasticity of demand is equal to zero
