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State Whether the Following Statement is True and False When Demand Increases, the Demand Curve Shifts to the Left. - Economics

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Question

State whether the following statement is TRUE and FALSE

When demand increases, the demand curve shifts to the left.

Solution

FALSE

When demand increase, i.e. when the demand for the good increase as a result of a change n factors other than price, the demand curve shifts parallel towards right. On the other hand, when demand decrease, the demand curve shifts to the left.

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APPEARS IN

 Micheal Vaz Solution for Micheal Vaz Class 12 Economics (2019 to Current)
Chapter 3: Demand Analysis
Exercise | Q: 3.3 | Page no. 24

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Solution State Whether the Following Statement is True and False When Demand Increases, the Demand Curve Shifts to the Left. Concept: Demand.
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