Advertisements
Advertisements
Question
A fall in income of the consumer (in the case of normal goods) will cause a/an ______.
Options
Upward movement on the same demand curve
Downward movement on the same demand curve
Rightward shift of the demand curve
Leftward shift of the demand curve
Solution
A fall in income of the consumer (in the case of normal goods) will cause a/an leftward shift of the demand curve.
APPEARS IN
RELATED QUESTIONS
With the help of suitable diagram explain the meaning of rightward shift in the demand curve. Explain briefly any two of its determinants.
Complete the following demand schedule:
| Price (in ₹) | Quantity of mangoes demanded (in kg) |
| 350 | 2 |
| 300 | |
| 250 | |
| 200 | |
| 150 | |
| 100 |
The bus fare between two cities is reduced. How will this affect the demand curve for bus travel between the two cities?
Demand curve of a good shifts from DD' to Demand dd'. This shift can be caused by:
Differentiate between individual demand schedule and market demand schedule.
State the impact of the following changes on the demand curve of a commodity:
increase in individual income
State the impact of the following changes on the demand curve of a commodity:
Increase in the price of a complementary commodity
Shyam, Sita, Renu, Ahmed and John are five consumers of apples. Their demand for apples is given below. Derive the market demand schedule for apples.
| Price per Kg (in ₹) | Quantity Demanded (Apples) in Kg. | ||||
| Shyam | Sita | Renu | Ahmed | John | |
| 25.00 | 16 | 15 | 12 | 14 | 18 |
| 30.00 | 12 | 11 | 10 | 8 | 15 |
| 35.00 | 10 | 9 | 8 | 6 | 12 |
| 40.00 | 8 | 6 | 4 | 2 | 8 |
With the help of a hypothetical table, draw the demand curve of a commodity.
Define market demand.
