Advertisements
Advertisements
Question
What does a downward movement along the same demand curve indicate?
Options
Increase in demand
Decrease in demand
Contraction in demand
Expansion in demand
Solution
Expansion in demand
APPEARS IN
RELATED QUESTIONS
What is meant by an increase in demand?
Differentiate between extension and contraction of demand.
When the demand curve of a product shifts to the right, it represents a situation of ______.
What is an expansion of demand?
What is a decrease in demand?
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?
What causes an upward movement along a demand curve?
What causes a downward movement along a demand curve?
With the help of a suitable diagram, explain expansion in demand.
State whether the following statement is true or false. Give reasons.
A change in quantity demanded as a result of price change will imply a shift of the demand curve to the right.