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प्रश्न
What is meant by an increase in demand?
What is increase in demand?
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उत्तर
An increase in demand refers to a rise in the demand for a commodity caused due to any factor other than the own price of the commodity. Here, more quantity is demanded at the same price.
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संबंधित प्रश्न
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
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?
What is an expansion of demand?
Define decrease in demand.
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?
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.
With the help of a suitable diagram, explain expansion in demand.
Give two factors responsible for the shift of the demand curve to the right.
