Advertisements
Advertisements
प्रश्न
When does ‘decrease’ in demand take place?
Advertisements
उत्तर १
A decrease in the demand is caused by a change in the own price of the good but not other factors such as an increase in income, change in taste and preferences of the good. Diagrammatically, it is shown as a backward shift in the demand curve.
उत्तर २
When there is decrease in demand due to a factor other than own price of the good or naming a factor like fall in price of substitute, etc.
संबंधित प्रश्न
Explain, with reasons, whether you Agree or Disagree with the following statement
There are no exceptions to the Law of Demand.
When the income of the consumer falls the impact on a price-demand curve of an inferior good is: (choose the correct alternative)
a. Shifts to the right.
b. Shifts of the left.
c. There is upward movement along the curve.
d. There is downward movement along the curve
Write short answer for the following question.
Explain the Law of Demand.
Write whether the following statement is True or False:
Demand curve has a positive slope.
Write whether the following statement is True or False:
Demand for commodities depends upon various factors.
Distinguish between:
Individual demand schedule and Market demand schedule.
Fill in the blank with appropriate alternatives given in the bracket:
The law of demand states ________ relation between demand and price.
Write the answer in ‘one’ or ‘two’ paras.
What are the main determinants of aggregate demand?
Fill in the blank with appropriate alternatives given below:
When less is purchased at the constant price, it is called _______ in demand.
Give reason or explain the following statement.
Demand for factors of production is derived demand.
Fill in the blank using appropriate alternatives given below
The demand for perishable goods is _______
State whether the following statement is true or false. Give reasons for your answer :
X and Y are complementary goods. A fall in the price of Y will result in a rise in the price of X.
Law of demand states the ______ relationship between price and quantity demanded.
Identify the correct pair of items from the following Columns I and II:
| Column I | Column II |
| (1) Utility | (a) Bread and butter |
| (2) Normal Goods | (b) Rise in price |
| (3) Contraction in demand | (c) Capacity of a commodity to satisfy human wants. |
| (4) Complementary goods | (d) Positively related |
What will be the effect on equilibrium price and equilibrium quantity when income increases in case of normal goods?
Which of the following statements is false?
If there is no change in the demand for commodity X, even after a rise in its price, then its demand is ______
Identify the correctly matched pair of the items in Column A to that of Column B.
| Column A | Column B | ||
| (1) | Increase in demand for goods | (a) | Leftward shift in the demand curve |
| (2) | Decrease in demand | (b) | Perfectly Elastic Demand |
| (3) | Ed = ∞ | (c) | Increases in the income of the consumer |
| (4) | Downward Sloping | (d) | Income elasticity of Demand |
Assertion (A): Demand deposits are not legal tenders.
Reason (R): They are with the bank, so only can be used as a legal tender when cheques are issued for the transfer.
Read the passage given below and answer the questions that follow.
|
In India, Fixed deposits have long been a favourite investment choice of people, especially senior citizens, as it promise steady returns. It attracts those who are seeking a stable income. But it’s an illusion in the period of inflation. Inflation is the rate at which the general level of prices for goods and services rises, subsequently eroding the purchasing power of money. In simple terms, what money could buy today might not a few years down the line. Fixed deposits are financial instruments offered by banks where you deposit a lump sum amount for a fixed period at a predetermined rate of interest. Consider an investment of Rs 1 crore in a fixed deposit at a 6% annual interest rate and the annual rate of inflation is 5%. By the 10th year your pre inflation return is 1.79 crore, but post inflation it’s just 1.10 crore. The nominal value of investment in fixed deposits may appear to grow, inflation significantly diminishes their real value and purchasing power over time.
|
- What is the theme of the extract? (2)
- Differentiate between Demand pull and Cost push inflation. (2)
- What are the demand deposits and time deposits? (2)
- Since 1998 RBI has been using new measures of money supply, M0, M1, M2 and M3. Which one of these measures incorporates fixed deposit as one of its components? Mention the other components of that measure. (2)
