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प्रश्न
What causes an upward movement along a demand curve?
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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.
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संबंधित प्रश्न
What is meant by the contraction in demand?
Differentiate between extension and contraction of demand.
What does a downward movement along the same demand curve indicate?
What does an upward movement along the same demand curve indicate?
Define decrease in demand.
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?
Distinguish between “movement along the demand curve” and shift of a demand curve.
Define contraction of demand (or decrease in quantity demanded).
What does a rightward shift of demand curve indicate?
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.
