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प्रश्न
When the demand curve of a product shifts to the right, it represents a situation of ______.
विकल्प
Increase in demand
Expansion in demand
Decrease in demand
Contraction in demand
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उत्तर
When the demand curve of a product shifts to the right, it represents a situation of increase in demand.
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संबंधित प्रश्न
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
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Distinguish between “movement along the demand curve” and shift of a demand curve.
What is meant by an increase in demand?
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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.
