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प्रश्न
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?
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उत्तर
A fall in train prices will cause the demand curve for the bus travel between the two cities to move leftward.
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संबंधित प्रश्न
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
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Explain the following diagram:
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With the help of a suitable diagram, distinguish between a change in quantity demanded and a change in demand.
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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.
Explain the following diagram.
Give two factors responsible for the shift of the demand curve to the right.
