Advertisements
Advertisements
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
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
What is meant by the contraction in demand?
What does a downward movement along the same demand curve indicate?
When the demand curve of a product shifts to the right, it represents a situation of ______.
Explain the following diagram:
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?
Distinguish between “movement along the demand curve” and shift of a demand curve.
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.
With the help of a suitable diagram, explain expansion in demand.
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.
