Advertisements
Advertisements
प्रश्न
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.
Advertisements
उत्तर
It is a situation of decrease in demand in both cases.
Reason: The consumer buys a smaller quantity at the same price (Case I) or buys the same quantity at a lower price (Case II).
APPEARS IN
संबंधित प्रश्न
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
With the help of a graph explain the increase in demand concept.
Define decrease in demand.
Explain the following diagram:
Give two reasons for the shift of the demand curve towards the left.
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?
What does a rightward shift of demand curve indicate?
With the help of a suitable diagram, explain expansion in demand.
Explain the following diagram.
State whether the following statement is true or false. Give reasons.
An increase in the demand for a commodity is due to a fall in its price.
