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What does an upward movement along the same demand curve indicate? - Economic Applications

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Question

What does an upward movement along the same demand curve indicate?

Options

  • Increase in demand

  • Decrease in demand

  • Contraction in demand

  • Expansion in demand

MCQ

Solution

Contraction in demand

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Movement Along and Shifts in the Demand Curve
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Chapter 1: Elementary Theory of Demand - QUESTIONS [Page 17]

APPEARS IN

Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 1 Elementary Theory of Demand
QUESTIONS | Q 12. | Page 17
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