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प्रश्न
What does a rightward shift of demand curve indicate?
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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.
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संबंधित प्रश्न
What is meant by the contraction in demand?
What is meant by an increase in demand?
If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
With the help of a graph explain the increase in demand concept.
Differentiate between extension and contraction of demand.
Define contraction of demand (or decrease in quantity demanded).
What causes an upward movement along a demand curve?
Explain the following diagram.
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.
State whether the following statement is true or false. Give reasons.
Contraction of demand is the result of a decrease in the number of consumers.
