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प्रश्न
What does a rightward shift of demand curve indicate?
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उत्तर
A rightward shift of demand curve indicates increase in demand due to change in any factor other than the own price of the good, e.g., rise in income (in case of a normal good), rise in price of a substitute good, etc.
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संबंधित प्रश्न
What is meant by the contraction in demand?
With the help of a graph explain the increase in demand concept.
What does a downward movement along the same demand curve indicate?
Define decrease in demand.
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?
With the help of a suitable diagram, distinguish between a change in quantity demanded and a change in demand.
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.
A change in quantity demanded as a result of price change will imply a shift of the demand curve to the right.
