Advertisements
Advertisements
Question
An increase in the price of electricity, will curve the demand for electric appliances to ______.
Options
rise
fall
remain the same
None of these
Solution
An increase in the price of electricity, will curve the demand for electric appliances to rise.
APPEARS IN
RELATED QUESTIONS
What does a downward movement along the same demand curve indicate?
When the demand curve of a product shifts to the right, it represents a situation of ______.
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?
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. |
How does an increase in income affect the demand for a normal good?
With the help of a suitable diagram explain the extension in demand?
What is increase in demand?
There are train and bus services between New Delhi and Jaipur. Suppose, the train fare between the two cities comes down. How will this affect the demand curve for bus travel between the two cities?
State two types of related goods.
What does a rightward shift of demand curve indicate?