Advertisements
Advertisements
प्रश्न
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.
पर्याय
True
False
Advertisements
उत्तर
This statement is true.
Explanation:
Yes, according to the rule of demand, when the price of a good declines, the quantity wanted rises, as price and quantity demanded have an indirect relationship.
APPEARS IN
संबंधित प्रश्न
What is meant by the contraction in demand?
What is meant by an increase in demand?
With the help of a graph explain the increase in demand concept.
What does a downward movement along the same demand curve indicate?
When the demand curve of a product shifts to the right, it represents a situation of ______.
Explain the following diagram:
With the help of a suitable diagram, distinguish between a change in quantity demanded and a change in demand.
Define contraction of demand (or decrease in quantity demanded).
What does a rightward shift of demand curve indicate?
Give two factors responsible for the shift of the demand curve to the right.
