Advertisements
Advertisements
प्रश्न
State whether the following statement is true or false. Give reasons.
A change in quantity demanded as a result of price change will imply a shift of the demand curve to the right.
पर्याय
True
False
Advertisements
उत्तर
This statement is false.
Explanation:
No, a shift in the demand curve indicates a change in demand due to reasons other than price. It will a shift to the right if demand increases, and to the left if demand decreases.
APPEARS IN
संबंधित प्रश्न
What is meant by an increase in demand?
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
With the help of a graph explain the increase in demand concept.
What does an upward movement along the same demand curve indicate?
Distinguish between “movement along the demand curve” and shift of a demand curve.
What is meant by an increase in demand?
Define contraction of demand (or decrease in quantity demanded).
What causes an upward movement along a demand curve?
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.
Contraction of demand is the result of a decrease in the number of consumers.
