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प्रश्न
Distinguish between “movement along the demand curve” and shift of a demand curve.
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उत्तर
| Movement along the demand curve | Shift of a demand curve | |
| (i) | It consists of the extension of demand and the contraction of demand. | It consists of an increase in demand and a decrease in demand. |
| (ii) | Other things being equal, when there is a change in the price of a good, the resulting change in demand is defined as movements· along the demand curve. | When demand changes on account of factors other than a change in price is called a shift of a demand curve. |
| (iii) | The change in quantity demanded is shown on the same or original demand curve. | The change in demand is shown on the different demand curve. |
| (iv) | Extension of demand |
Increase in demand |
| (v) | Contraction of demand |
Decrease in demand |
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संबंधित प्रश्न
What is meant by an increase in demand?
With the help of a graph explain the increase in demand concept.
Differentiate between extension and contraction of demand.
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 ______.
Explain the following diagram:
Give two reasons for the shift of the demand curve towards the left.
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?
Define contraction of demand (or decrease in quantity demanded).
What causes an upward movement along a demand curve?
