Advertisements
Advertisements
Question
What causes a downward movement along a demand curve?
Solution
Expansion of demand results in downward movement along the same demand curve.
APPEARS IN
RELATED QUESTIONS
What is meant by the contraction in demand?
With the help of a graph explain the increase in demand concept.
When the demand curve of a product shifts to the right, it represents a situation of ______.
What is a decrease in demand?
Explain the following diagram:
Give two reasons for the shift of the demand curve towards the left.
In order to encourage tourism in Goa, Government of India suggests Indian Airlines to reduce air fares to Goa from four major cities: Chennai, Kolkata, Mumbai and New Delhi. If the Indian Airlines reduces the air fare to Goa, how will this affect the market demand curve for air travel to Goa?
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?
What does a rightward shift of demand curve indicate?
Give two factors responsible for the shift of the demand curve to the right.