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प्रश्न
The following table shows a change in the demand. Read the table carefully and answer the question that follows:
| Case I | Case II | ||
| Price (₹) | Quantity | Price (₹) | Quantity |
| 10 | 20 | 10 | 20 |
| 10 | 10 | 5 | 20 |
What type of change is it, decrease in demand or contraction in demand? Give a reason.
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उत्तर
It is a situation of decrease in demand in both cases.
Reason: The consumer buys a smaller quantity at the same price (Case I) or buys the same quantity at a lower price (Case II).
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संबंधित प्रश्न
What is meant by an increase in demand?
What is an expansion of demand?
Define decrease in demand.
Give two reasons for the shift of the demand curve towards the left.
There are train and bus services between New Delhi and Jaipur. Suppose the train fare between the two cities comes down. How will this affect the demand curve for bus travel between the two cities?
Define contraction of demand (or decrease in quantity demanded).
What causes an upward movement along a demand curve?
With the help of a suitable diagram, explain expansion in demand.
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.
