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प्रश्न
Give any three factors that can cause a rightward shift of the demand curve.
State two factors that cause an increase in the demand for a commodity (rightward shift of the demand curve).
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उत्तर १
Three factors that can cause a rightward shift of the demand curve are as follows:
- Increase in the income of the consumer.
- An increase in the price of substitute goods can also cause a rightward shift in the demand curve.
- Change in tastes and preferences in favour of the commodity.
उत्तर २
The following two factors can cause an increase in the demand for a commodity.
- A rise in consumer income typically leads to an increase in demand for a commodity at any given price level.
- An increase in the price of a substitute good can lead to an increase in demand for a commodity because it becomes more affordable in comparison to its substitute.
संबंधित प्रश्न
Explain the difference between (i) inferior goods and normal goods and (ii) cardinal utility and ordinal utility. Give example in each case.
Outline the steps taken in deriving Consumption Curve from the Saving Curve. Use diagram.
Differentiate between the expansion of demand and an increase in demand, using diagrams.
What does an upward movement along the same demand curve indicate?
Match the following and select the correct option.
| Column A | Column B | ||
| (i) | Extention of demand | A. | Prices are expected to rise in future |
| (ii) | Decrease in demand | B. | Rise in price |
| (iii) | Contraction of demand | C. | Prices are expected to fall in future |
| (iv) | Increase in demand | D. | Fall in prices |
| Price in (₹) | Quantity demanded (units) |
| 20 | 100 |
| 25 | 70 |
The above example represents a situation of ______.
In order to encourage tourism in Goa, Government of India suggests to Indian Airlines to reduce air fare 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?
What causes a downward movement along a demand curve?
When does movement along the demand curve occur for a product?
If more people attend movies because ticket prices decrease, this is an example of ______.
Which statement correctly describes a shift of the demand curve?
What should you check first to decide if a demand change is a movement or a shift?
