Advertisements
Advertisements
प्रश्न
Explain the following diagram:
Advertisements
उत्तर
The diagram above shows a change in the demand curve to the left. From the demand curve D1D1 to DD, a decline in quantity is caused by a change in market conditions rather than a change in its own price. At the same price P, demand was initially Q1 quantity but eventually decreased to Q.
APPEARS IN
संबंधित प्रश्न
With the help of a graph explain the increase in demand concept.
Differentiate between extension and contraction of demand.
What does a downward movement along the same demand curve indicate?
When the demand curve of a product shifts to the right, it represents a situation of ______.
What is an expansion of demand?
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.
With the help of a suitable diagram, explain expansion in demand.
