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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.
Explain the following condition:
Movement along the same indifference 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 |
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?
A shift in the demand curve for a commodity can be caused by ______.
If more people attend movies because ticket prices decrease, this is an example of ______.
Which statement correctly describes a shift of the demand curve?
