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प्रश्न
What is an expansion of demand?
What is meant by expansion of demand?
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उत्तर
When the quantity demanded of a commodity rises due to a fall in its price, keeping other factors constant, it is called expansion of demand or increase in quantity demanded. Here, a larger quantity is purchased due to the fall in price.
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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 does an upward movement along the same demand curve indicate?
When the demand curve of a product shifts to the right, it represents a situation of ______.
Define decrease in demand.
Give two reasons for the shift of the demand curve towards the left.
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.
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.
