Advertisements
Advertisements
प्रश्न
Explain the following diagram.
Advertisements
उत्तर
- In the diagram, the demand curve shifts to the right from DD to D1D1.
- It shows the situation of increase in demand.
- A larger quantity (OQ1) instead of OQ0 is demanded at the same price of OP.
- Same quantity OQ0 is demanded at a higher price of OP1.
APPEARS IN
संबंधित प्रश्न
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
What does a downward movement along the same demand curve indicate?
What does an upward movement along the same demand curve indicate?
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?
What causes an upward movement along a demand curve?
What does a rightward shift of demand curve indicate?
With the help of a suitable diagram, explain expansion in demand.
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.
