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प्रश्न
What causes an upward movement along a demand curve?
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उत्तर
A rise in the price of the good, other things remaining the same, causes an upward movement along a demand curve. An upward movement along a demand curve indicates contraction of demand.
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संबंधित प्रश्न
What is meant by an increase in demand?
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
Differentiate between extension and contraction of demand.
What is an expansion of demand?
What is meant by an increase in demand?
Define contraction of demand (or decrease in quantity demanded).
What causes a downward movement along a demand curve?
What does a rightward shift of demand curve indicate?
Give two factors responsible for the shift of the demand curve to the right.
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.
