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प्रश्न
Figures (A), (B) and (C) given below represent different types of Demand curves.
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| (A) | (B) | (C) |
What kind of goods do each of these Demand curves represent? Give a reason for each of the curves.
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उत्तर
Figure (A) shows a demand curve that slopes upward with income on the Y-axis and Demand for X on the X-axis, representing normal items whose demand increases as the consumer's income rises.
Figure (B) shows a straight upward sloping demand curve with Demand for X on the X-axis and Price of Y on the Y-axis, representing substitute goods. As the price of the substitute goods increases, so does the demand for the other goods.
Figure (C) shows demand for X on the X-axis and price for Y on the Y-axis, with the demand curve representing demand for complementary items, where an increase in the price of complementary goods causes a decrease in demand for other goods and vice versa.
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संबंधित प्रश्न
Explain the effect of change in prices of the related goods on demand for the given good.
Prices of other goods and demand for the given good.
Explain how do the following influence demand for a good:
i. Rise in income of the consumer.
ii. Fall in prices of the related goods
Distinguish between individuals demand and market demand.
Good Y is a substitute of good X. The price of Y falls. Explain the chain of effects of this change in the market of X.
Fill in the blank using proper alternative given in the bracket:
Market demand is a total demand of...............buyers.
State with reason, whether you Agree or Disagree with the following statement.
The demand curve slopes downward from left to right.
Do you agree with the following statement? Give reason
State and explain the law of demand.
State with reasons whether you ‘agree’ or ‘disagree’ with the following statement.
Demand curve slopes downward from left to right.
Assertion (A): Under exceptional cases, demand curve has a positive slope.
Reasoning (R): In exceptional cases, consumer buys more when the price of a commodity rises and buys less when the price of commodity falls.
The shape of supply curve is ______
Assertion (A): The demand curve is downward sloping.
Reason (R): The income effect means with a fall in the price of a good, the consumer's real income or purchasing power rises and he demands more units of the good.
Explain why the demand curve slopes downwards.
Study the following diagram and answer the questions:
Questions:
- In which direction does the demand curve slope?
- What is the reason for the fall in demand of rice from Q0 to Q1?
How is the market demand curve constructed from individual demand curves?
Why is the demand curve useful for businesses?
