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प्रश्न
Distinguish between “movement along the demand curve” and shift of a demand curve.
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उत्तर
| Movement along the demand curve | Shift of a demand curve | |
| (i) | It consists of the extension of demand and the contraction of demand. | It consists of an increase in demand and a decrease in demand. |
| (ii) | Other things being equal, when there is a change in the price of a good, the resulting change in demand is defined as movements· along the demand curve. | When demand changes on account of factors other than a change in price is called a shift of a demand curve. |
| (iii) | The change in quantity demanded is shown on the same or original demand curve. | The change in demand is shown on the different demand curve. |
| (iv) | Extension of demand |
Increase in demand |
| (v) | Contraction of demand |
Decrease in demand |
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संबंधित प्रश्न
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
What does a downward movement along the same demand curve indicate?
Explain the following diagram:
Give two reasons for the shift of the demand curve towards the left.
In order to encourage tourism in Goa, Government of India suggests Indian Airlines to reduce air fares to Goa from four major cities: Chennai, Kolkata, Mumbai and New Delhi. If the Indian Airlines reduces the air fare to Goa, how will this affect the market demand curve for air travel to Goa?
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?
What is meant by an increase in demand?
What does a rightward shift of demand curve indicate?
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.
Give two factors responsible for the shift of the demand curve to the right.
