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प्रश्न
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
विकल्प
Move upward along the same demand curve.
Move downward along the same demand curve.
The demand curve will shift to the right.
The demand curve will shift to the left.
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उत्तर
The demand curve will shift to the left.
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संबंधित प्रश्न
With the help of a graph explain the increase in demand concept.
Differentiate between extension and contraction of demand.
What does a downward movement along the same demand curve indicate?
What does an upward movement along the same demand curve indicate?
When the demand curve of a product shifts to the right, it represents a situation of ______.
What is an expansion of demand?
Explain the following diagram:
Define contraction of demand (or decrease in quantity demanded).
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.
State whether the following statement is true or false. Give reasons.
Contraction of demand is the result of a decrease in the number of consumers.
