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प्रश्न
When does ‘decrease’ in demand take place?
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उत्तर १
A decrease in the demand is caused by a change in the own price of the good but not other factors such as an increase in income, change in taste and preferences of the good. Diagrammatically, it is shown as a backward shift in the demand curve.
उत्तर २
When there is decrease in demand due to a factor other than own price of the good or naming a factor like fall in price of substitute, etc.
संबंधित प्रश्न
Distinguish between ‘increase in demand’ and increase in quantity demanded of a good.
Fill in the blank using proper alternatives given in the bracket:
Demand for salt is ...............
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Demand curve has a positive slope.
Define or explain the following concept:
Direct demand
Distinguish between desire and demand.
What do you mean by demand?
Fill in the blank using appropriate alternatives given below
The demand for perishable goods is _______
State whether the following statement is True or False:
Demand for luxurious goods is elastic .
Distinguish between normal goods and inferior goods, with examples.
Choose the correct answer from given options
In the given figure X1Y1 and X2Y2 are Production Possibility Curves in two different periods T1 and T2 respectively for Good X and Good Y. A1 and A2 represent actual outputs and P1 and P2 represent potential outputs respectively in the two times periods.
The change in actual output of Goods X and Y over the two periods would be represented by a movement from __________.
Are the concepts of demand for domestic goods and domestic demand for goods the same?
Identify the correct pair of items from the following Columns I and II:
| Column I | Column II |
| (1) Budget Line | (a) Normal goods |
| (2) Bajra | (b) Inferior goods |
| (3) Consumer equilibrium | (c) Luxurious goods |
| (4) Elastic Demand | (d) M = Px*x + py*y |
What will be the effect on equilibrium price and equilibrium quantity when income increases in case of normal goods?
Which of the following statements is true?
Aggregate demand can be decreased by:
Which of the following is correct?
Which of the following statements is true?
Read the following news report and answer the Q.97-Q.100 on the basis of the same:
The quantity of a commodity that a consumer is willing to buy and is able to afford, given the prices of goods and the consumer's tastes and preferences is called demand for the commodity. Whenever one or more of these variables change, the quantity of the good Chosen by the consumer is likely to change as well. The relation between the consumer's optimal choice of the quantity of a good and its price is very important and this relation is called the demand function. Thus, the consumer's demand function for a good gives the amount of the good that the consumer chooses at different levels of its price when the other things remain unchanged.
Assertion: The income of the consumers remains unchanged
Reason: Commodity should be a normal good.
Select the correct alternative from the following.
"Market demand curve is constructed by horizontally summing all the individual's demand curves at each and every price." Choose the correct option for the above-mentioned statement.
