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Discuss with the help of a diagram the concept of increase of demand. - Economics

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प्रश्न

Discuss with the help of a diagram the concept of increase of demand.

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लघु उत्तर
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उत्तर

Increase in demand refers to a situation when a consumer buys a larger amount of a commodity at the same price because of a change in factors other than the own price of the commodity. An increase in demand means that the entire demand curve shifts to the right, indicating a larger amount purchased at every price.

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पाठ 2: Demand and Law of Demand - TEST YOURSELF QUESTIONS [पृष्ठ २८]

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