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प्रश्न
| Price in (₹) | Quantity demanded (units) |
| 20 | 100 |
| 25 | 70 |
The above example represents a situation of ______.
पर्याय
Increase in demand
Decrease in demand
Contraction of demand
Extention of demand
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उत्तर
The above example represents a situation of Contraction of demand.
Explanation:
The example shows that when the price increases from ₹20 to ₹25, the quantity demanded decreases from 100 units to 70 units. This represents a contraction of demand, which is a movement along the demand curve due to an increase in price, leading to a decrease in the quantity demanded.
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संबंधित प्रश्न
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.
Give any three factors that can cause a rightward shift of the demand curve.
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 |
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 is meant by expansion of demand?
What causes a downward movement along a demand curve?
What causes an upward 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 ______.
