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प्रश्न
In case of relatively more elastic demand, the shape of the curve is
विकल्प
Horizontal
Vertical
Steeper
Flatter
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उत्तर
Flatter
APPEARS IN
संबंधित प्रश्न
Find the odd word
Assumptions to law of demand -
State with reason whether you agree or disagree with the following statement.
There is an inverse relationship between price and demand.
Increase in demand is caused by
The movement on or along the given demand curve is known as ______
Distinguish between extension and contraction of demand.
Explain the law of demand.
Write a statement of the Law of Demand.
State with reason whether you agree or disagree with the following statement :
When price of Giffen goods fall, the demand for it increases.
Any statement about demand for a good is considered complete only when the following is/are mentioned in it:
If prices of cars rise, many people may put off buying a new car. So the demand for petrol will fall.
State the law of demand.
Explain four circumstances under which the law of demand does not operate.
The following table shows the amount of sugar bought by a household at different prices:
| Period | Price (₹ per kg) | Amount Bought (kg) |
| Jan. 2000 | ₹ 15 | 4 |
| Feb. 2000 | ₹ 16 | 5 |
Does the behaviour of household contradict the law of demand? Give reasons in support of your answer.
State whether the following statement is true or false. Give reasons.
The law of demand states a direct relationship between price and demand.
What does the term "ceteris paribus" mean in relation to the Law of Demand?
Which of the following is NOT an assumption of the Law of Demand ?
Why does the demand curve always slope downwards?
