Advertisements
Advertisements
Question
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. |
Options
A. (i), B. (iv), C. (ii)
A. (iv), B. (iii) C. (ii), D. (v)
A (iv), B. (iii), C. (i) D. (ii)
A. (iv), B. (ii), C. (iii), D. (ii)
Solution
A (iv), B. (iii), C. (i) D. (ii)
Explanation:
| Column I | Column II |
| A. Extension of demand. | (iv) Rise in the quantity demanded of a commodity as a result of fall in the price. |
| B. Contraction of demand. | (iii) Fall in quantity demanded due to the rise in its price. |
| C. Increase in demand. | (i) A larger quantity is demanded at the same price. |
| D. Decrease in demand | (ii) A smaller quantity is demanded at the same price. |
APPEARS IN
RELATED QUESTIONS
An increase in the price of electricity, will curve the demand for electric appliances to ______.
An increase in the price of electricity will cause an ______.
How does an increase in income affect the demand for a normal good?
What is decrease in demand?
Differentiate between a change in quantity demanded and a change 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.
State two types of related goods.
What does a rightward shift of demand curve indicate?
Explain the diagram given alongside.
The following table shows a change in the demand. Read the table carefully and answer the question that follows:
| Case I | Case II | ||
| Price (₹) | Quantity | Price (₹) | Quantity |
| 10 | 20 | 10 | 20 |
| 10 | 10 | 5 | 20 |
What type of change is it, decrease in demand or contraction in demand? Give a reason.
