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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
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Differentiate between extension and contraction of demand.
What is an expansion of demand?
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With the help of a suitable diagram, distinguish between a change in quantity demanded and a change in demand.
What causes an upward movement along a demand curve?
What causes a downward movement along a demand curve?
Explain the following diagram.
State whether the following statement is true or false. Give reasons.
An increase in the demand for a commodity is due to a fall in its price.
