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प्रश्न
| Price in (₹) | Quantity demanded (units) |
| 20 | 100 |
| 25 | 70 |
The above example represents a situation of ______.
विकल्प
Increase in demand
Decrease in demand
Contraction of demand
Extention of demand
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उत्तर
The above example represents a situation of Contraction of demand.
Explanation:
The example shows that when the price increases from ₹20 to ₹25, the quantity demanded decreases from 100 units to 70 units. This represents a contraction of demand, which is a movement along the demand curve due to an increase in price, leading to a decrease in the quantity demanded.
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संबंधित प्रश्न
Differentiate between the expansion of demand and an increase in demand, using diagrams.
Give any three factors that can cause a rightward shift of the demand curve.
Explain the following condition:
Movement along the same indifference curve.
From the set of events/systems given in column A and the corresponding relevant fact given in column B, about China, choose the correct pair of statements:
| column A | column B |
| (1) Shift in the Demand Curve | (a) Increase in quantity demanded |
| (2) Movement along the demand curve | (b) Increase in price |
| (3) Shift in the Demand Curve | (c) Decrease in price |
| (4) Movement along the demand curve | (d) Snob effect |
Match the following and select the correct option.
| Column A | Column B | ||
| (i) | Extention of demand | A. | Prices are expected to rise in future |
| (ii) | Decrease in demand | B. | Rise in price |
| (iii) | Contraction of demand | C. | Prices are expected to fall in future |
| (iv) | Increase in demand | D. | Fall in prices |
What causes an upward movement along a demand curve?
When does movement along the demand curve occur for a product?
A shift in the demand curve for a commodity can be caused by ______.
Which statement correctly describes a shift of the demand curve?
What should you check first to decide if a demand change is a movement or a shift?
