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प्रश्न
Answer the following question.
Discuss the relationship between the income of the consumer and demand for a commodity with respect to normal goods, inferior goods, and necessities.
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उत्तर
A normal good: Demand will increase and the demand curve will shift towards the right.
An inferior good: Demand will decrease and the demand curve will shift towards left.
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संबंधित प्रश्न
Demand curve and Supply curve.
The demand of a commodity, when measured through the expenditure approach, is inelastic. A fall in its price will result in : (choose the correct alternative)
(a) No change in expenditure on it.
(b) Increase in expenditure on it.
(c) Decrease in expenditure on it.
(d) Anyone of the above.
When is demand called perfectly inelastic?
State the factors leading to fall in demand by an individual consumer
Give one reason for shift in demand curve.
State whether the following statement is true or false.
Perfectly inelastic demand curve is parallel to ‘X’ axis.
Distinguish between :
Individual demand schedule and Market demand schedule.
fill in the blank with appropriate alternatives given in the bracket:
Demand for salt is ___________.
Fill in the blank with appropriate alternatives given below:
Indirect demand is also known as _____________ demand.
State whether the following statement is TRUE and FALSE
Demand curve slopes upward from left to right.
If the price of good X rises and it leads to an increase in demand for good Y, both are ______ goods.
We say that there is a decrease in demand when ______
Which of the following points relates to the transaction demand for money?
Increase in price of substitute goods leads to ______
From the set of statements given in Column A and Column B, choose the correct pair of statement:
| Column A | Column B |
| 1. Reduction of pollution | (a) Microeconomics |
| 2. Problems due to unemployment | (b) Microeconomics |
| 3. Shift in the demand curve | (c) Microeconomics |
| 4. Government expenditure on building of roads | (d) Microeconomics |
Which of the following is correct?
Identify the market form which has indeterminate demand curve:
Demand must always be expressed along with ______.
Which of the following is an example of effective demand?
Micro view of demand relates to ______.
