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प्रश्न
What is meant by an increase in demand?
What is increase in demand?
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उत्तर
An increase in demand refers to a rise in the demand for a commodity caused due to any factor other than the own price of the commodity. Here, more quantity is demanded at the same price.
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संबंधित प्रश्न
What is meant by the contraction in demand?
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
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 ______.
What is an expansion of demand?
Explain the following diagram:
Distinguish between “movement along the demand curve” and shift of a demand curve.
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.
