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प्रश्न
With the help of a suitable diagram explain the extension in demand?
With the help of a suitable diagram, explain expansion in demand.
उत्तर
When the demand of a commodity rises due to fall in its price, called expansion in demand.
Diagrammatic Explanation: In the diagram when price falls from OP to OP1, demand expands from OQ to OQ1.
संबंधित प्रश्न
When the demand curve of a product shifts to the right, it represents a situation of ______.
An increase in the price of electricity, will curve the demand for electric appliances to ______.
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 ______.
Match the following:
| Column I | Column II |
| A. Extension of demand. | (i) A larger quantity is demanded at the same price. |
| B. Contraction of demand. | (ii) A smaller quantity is demanded at the same price. |
| C. Increase in demand. | (iii) Fall in quantity demanded due to the rise in its price. |
| D. Decrease in demand | (iv) Rise in the quantity demanded of a commodity as a result of fall in the price. |
What is decrease in demand?
The following table shows a change in the demand. Read the table carefully and answer the question that follows:
| Case | Price (₹) | Quantity (kg) |
| I | 10 | 20 |
| 10 | 10 | |
| II | 10 | 20 |
| 5 | 20 |
What type of change is it - decrease in demand or contraction in demand? Give a reason.
What does a rightward shift of demand curve indicate?
Explain the diagram given alongside.
