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प्रश्न
In order to encourage tourism in Goa, Government of India suggests Indian Airlines to reduce air fares 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?
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उत्तर
In the given situation, the expansion of demand will cause the market demand curve for air travel to Goa to move downward along the same demand curve.
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संबंधित प्रश्न
What does a downward movement along the same demand curve indicate?
What is an expansion of demand?
Explain the following diagram:
Give two reasons for the shift of the demand curve towards the left.
Distinguish between “movement along the demand curve” and shift of a demand curve.
Define contraction of demand (or decrease in quantity demanded).
What causes an upward movement along a demand curve?
Explain the following diagram.
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.
