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प्रश्न
When the demand curve of a product shifts to the right, it represents a situation of ______.
पर्याय
Increase in demand
Expansion in demand
Decrease in demand
Contraction in demand
उत्तर
When the demand curve of a product shifts to the right, it represents a situation of increase in demand.
Explanation:
When a product's demand curve shifts to the right, it indicates an increase in demand. This means that at the same price levels, consumers are now willing to purchase more of the product than before. This shift can occur due to factors such as an increase in consumer income, a rise in the product's popularity, or a decrease in the price of complementary goods.
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संबंधित प्रश्न
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| Case I | Case II | ||
| Price (₹) | Quantity | Price (₹) | Quantity |
| 10 | 20 | 10 | 20 |
| 10 | 10 | 5 | 20 |
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