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प्रश्न
Any statement about demand for a good is considered complete only when the following is/are mentioned in it:
पर्याय
Price of the good
Quantity of the good
Period of time
All of the above
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उत्तर
All of the above
Explanation:
A statement about demand for a good is considered complete only when it includes:
- Price of the good: Demand is always linked to a specific price level.
- Quantity of the good: It specifies how much of the good is demanded.
- Period of time: Demand is typically measured over a specific period, such as per day, week, month, etc.
संबंधित प्रश्न
Briefly explain any two reasons for the occurrence of the law of demand.
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The Law of Demand was introduced by ______.
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The movement on or along the given demand curve is known as ______
Distinguish between extension and contraction of demand.
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State with reason whether you agree or disagree with the following statement :
When price of Giffen goods fall, the demand for it increases.
State and explain the law of demand with the help of a hypothetical schedule and graph.
If prices of cars rise, many people may put off buying a new car. So the demand for petrol will fall.
If a good is inferior good, then purchases of that good will decrease when ______.
Pick the option which does not belong to the group:
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The following table shows the amount of sugar bought by a household at different prices:
| Period | Price (₹ per kg) | Amount Bought (kg) |
| Jan. 2000 | ₹ 15 | 4 |
| Feb. 2000 | ₹ 16 | 5 |
Does the behaviour of household contradict the law of demand? Give reasons in support of your answer.
State whether the following statement is true or false. Give reasons.
The law of demand states a direct relationship between price and demand.
What does the term "ceteris paribus" mean in relation to the Law of Demand?
