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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
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
With the help of a graph explain the increase in demand concept.
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Define contraction of demand (or decrease in quantity demanded).
What does a rightward shift of demand curve indicate?
Give two factors responsible for the shift of the demand curve to the right.
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.
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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.
