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प्रश्न
From the given demand schedule, what will be the effect on demand curve.
| Price in (₹) | Demand (units) |
| 20 | 100 |
| 20 | 70 |
पर्याय
Shift to right
Shift to left
Upward movement along the demand curve
Downward movement along the demand curve
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उत्तर
Shift to left
Explanation:
The demand schedule shows that the price remains the same at ₹20, but the quantity demanded decreases from 100 units to 70 units. This indicates that something other than price has caused a decrease in demand. As a result, the entire demand curve shifts to the left, reflecting a decrease in demand at every price level.
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संबंधित प्रश्न
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(i) Open market operations.
(ii) Bank rate.
Explain the role of the following in correcting ‘excess demand’ in an economy:
(i) Bank rate.
(ii) Open market operations.
The relationship between income and demand for inferior goods is ______.
Observe the following table and answer the following questions:
| Quantity demanded | ||||
| Price per kg. in ₹ | Consumer A |
Consumer B |
Consumer C |
Market demand (in kgs) (A + B + C) |
| 25 | 16 | 15 | 12 | ______ |
| 30 | 12 | 11 | 10 | ______ |
| 35 | 10 | 09 | 08 | ______ |
| 40 | 08 | 06 | 04 | ______ |
- Complete the market demand schedule.
- Draw market demand curves based on the above market demand schedule.
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From the following data regarding individual demand schedules of households A, B and market demand schedule, what will be the values of (i) and (ii) (Assuming that there are only 2 households in the market).
| Price (in ₹) | Individual Demand (units) | Market demand (units) | ||
| A | B | C | ||
| 7 | (i) | 16 | 15 | 51 |
| 8 | 18 | 15 | (ii) | 46 |
| 9 | 16 | 12 | 11 | 39 |
| 10 | 13 | 10 | 9 | 32 |
Define individual demand.
What does a demand schedule show?
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What distinguishes an individual demand schedule from a market demand schedule?
