Advertisements
Advertisements
प्रश्न
What causes an upward movement along a demand curve?
Advertisements
उत्तर
A rise in the price of the good, other things remaining the same, causes an upward movement along a demand curve. An upward movement along a demand curve indicates contraction of demand.
APPEARS IN
संबंधित प्रश्न
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
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?
Explain the following diagram:

In order to encourage tourism in Goa, Government of India suggests Indian Airlines to reduce air fares to Goa from four major cities: Chennai, Kolkata, Mumbai and New Delhi. If the Indian Airlines reduces the air fare to Goa, how will this affect the market demand curve for air travel to Goa?
With the help of a suitable diagram, distinguish between a change in quantity demanded and a change in demand.
What is meant by an increase in demand?
Explain the following diagram.

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.
