Advertisements
Advertisements
प्रश्न
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?
Advertisements
उत्तर
A fall in train prices will cause the demand curve for the bus travel between the two cities to move leftward.
APPEARS IN
संबंधित प्रश्न
What is meant by the contraction in demand?
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
With the help of a graph explain the increase in demand concept.
When the demand curve of a product shifts to the right, it represents a situation of ______.
What is an expansion of demand?
Give two reasons for the shift of the demand curve towards the left.
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?
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.
