Advertisements
Advertisements
Question
Match the following and select the correct option.
| Column A | Column B | ||
| (i) | Extention of demand | A. | Prices are expected to rise in future |
| (ii) | Decrease in demand | B. | Rise in price |
| (iii) | Contraction of demand | C. | Prices are expected to fall in future |
| (iv) | Increase in demand | D. | Fall in prices |
Options
(i) D, (ii) C, (iii) B, (iv) A
(i) B, (ii) C, (iii) A, (iv) D
(i) C, (ii) A, (iii) B, (iv) A
(i) D, (ii) C, (iii) A, (iv) B
Advertisements
Solution
(i) D, (ii) C, (iii) B, (iv) A
Explanation:
| Column A | Column B | ||
| (i) | Extention of demand | D. | Fall in prices |
| (ii) | Decrease in demand | C. | Prices are expected to fall in future |
| (iii) | Contraction of demand | B. | Rise in price |
| (iv) | Increase in demand | A. | Prices are expected to rise in future |
APPEARS IN
RELATED QUESTIONS
Explain the difference between (i) inferior goods and normal goods and (ii) cardinal utility and ordinal utility. Give example in each case.
Differentiate between the expansion of demand and an increase in demand, using diagrams.
From the set of events/systems given in column A and the corresponding relevant fact given in column B, about China, choose the correct pair of statements:
| column A | column B |
| (1) Shift in the Demand Curve | (a) Increase in quantity demanded |
| (2) Movement along the demand curve | (b) Increase in price |
| (3) Shift in the Demand Curve | (c) Decrease in price |
| (4) Movement along the demand curve | (d) Snob effect |
In order to encourage tourism in Goa, Government of India suggests to Indian Airlines to reduce air fare to Goa from four major cities - Chennai, Kolkata, Mumbai and New Delhi. If the Indian Airlines reduces the air fare to Goa, how will this affect the market demand curve for air travel to Goa?
What is meant by expansion of demand?
What causes an upward movement along a demand curve?
When does movement along the demand curve occur for a product?
A shift in the demand curve for a commodity can be caused by ______.
If more people attend movies because ticket prices decrease, this is an example of ______.
What should you check first to decide if a demand change is a movement or a shift?
