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प्रश्न
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
पर्याय
Move upward along the same demand curve.
Move downward along the same demand curve.
The demand curve will shift to the right.
The demand curve will shift to the left.
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उत्तर
The demand curve will shift to the left.
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संबंधित प्रश्न
When the demand curve of a product shifts to the right, it represents a situation of ______.
There are train and bus services between New Delhi and Jaipur. Suppose the train fare between the two cities comes down. How will this affect the demand curve for bus travel between the two cities?
With the help of a suitable diagram, distinguish between a change in quantity demanded and a change in demand.
What is meant by an increase in demand?
What causes an upward movement along a demand curve?
What causes a downward movement along a demand curve?
What does a rightward shift of demand curve indicate?
Explain the following diagram.
State whether the following statement is true or false. Give reasons.
An increase in the demand for a commodity is due to a fall in its price.
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.
