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प्रश्न
What is meant by expansion of demand?
Explain Extension in 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 the price.
संबंधित प्रश्न
Explain the difference between (i) inferior goods and normal goods and (ii) cardinal utility and ordinal utility. Give example in each case.
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Differentiate between the expansion of demand and an increase in demand, using diagrams.
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From the set of events/systems given in column A and the corresponding relevant fact given in column B, about China, choose the correct pair of statements:
| column A | column B |
| (1) Shift in the Demand Curve | (a) Increase in quantity demanded |
| (2) Movement along the demand curve | (b) Increase in price |
| (3) Shift in the Demand Curve | (c) Decrease in price |
| (4) Movement along the demand curve | (d) Snob effect |
What does an upward movement along the same demand curve indicate?
| Price in (₹) | Quantity demanded (units) |
| 20 | 100 |
| 25 | 70 |
The above example represents a situation of ______.
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What causes a downward movement along a demand curve?
What causes an upward movement along a demand curve?
When does movement along the demand curve occur for a product?
A shift in the demand curve for a commodity can be caused by ______.
If more people attend movies because ticket prices decrease, this is an example of ______.
Which statement correctly describes a shift of the demand curve?
What should you check first to decide if a demand change is a movement or a shift?
