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प्रश्न
Explain the following diagram.
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उत्तर
- In the diagram, the demand curve shifts to the right from DD to D1D1.
- It shows the situation of increase in demand.
- A larger quantity (OQ1) instead of OQ0 is demanded at the same price of OP.
- Same quantity OQ0 is demanded at a higher price of OP1.
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संबंधित प्रश्न
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
What does a downward movement along the same demand curve indicate?
What does an upward movement along the same demand curve indicate?
What is an expansion of demand?
Define decrease in demand.
Define contraction of demand (or decrease in quantity demanded).
What causes an upward movement along a demand curve?
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.
A change in quantity demanded as a result of price change will imply a shift of the demand curve to the right.
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.
