Advertisements
Advertisements
प्रश्न
What does a rightward shift of demand curve indicate?
Advertisements
उत्तर
A rightward shift of demand curve indicates increase in demand due to change in any factor other than the own price of the good, e.g., rise in income (in case of a normal good), rise in price of a substitute good, etc.
APPEARS IN
संबंधित प्रश्न
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
When the demand curve of a product shifts to the right, it represents a situation of ______.
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?
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?
What is meant by an increase in demand?
Define contraction of demand (or decrease in quantity demanded).
What causes a downward movement along a demand curve?
Explain the following diagram.

Give two factors responsible for the shift of the demand curve to the right.
