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प्रश्न
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.
विकल्प
True
False
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उत्तर
This statement is false.
Explanation:
No, a shift in the demand curve indicates a change in demand due to reasons other than price. It will a shift to the right if demand increases, and to the left if demand decreases.
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संबंधित प्रश्न
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
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Give two reasons for the shift of the demand curve towards the left.
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Distinguish between “movement along the demand curve” and shift of a demand curve.
Define contraction of demand (or decrease in quantity demanded).
What does a rightward shift of demand curve indicate?
The following table shows a change in the demand. Read the table carefully and answer the question that follows:
| Case I | Case II | ||
| Price (₹) | Quantity | Price (₹) | Quantity |
| 10 | 20 | 10 | 20 |
| 10 | 10 | 5 | 20 |
What type of change is it, decrease in demand or contraction in demand? Give a reason.
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.
