Advertisements
Advertisements
Question
From the given demand schedule, determine the effect on demand curve:
| Price (₹) | Demand (units) |
| 40 | 120 |
| 50 | 100 |
Options
Leftward shift in demand curve
Rightward shift in demand curve
Downward movement along the same demand curve
Upward movement along the same demand curve
MCQ
Advertisements
Solution
Upward movement along the same demand curve.
Explanation:
The commodity’s own price rises from ₹ 40 to ₹ 50, while quantity demanded falls from 120 to 100 units. This is a contraction in demand, represented by an upward movement along the same demand curve not a shift.
shaalaa.com
Is there an error in this question or solution?
