English

The quantity demanded rises from 50 units to 100 units with a fall in price from ₹ 30 to ₹ 25 per unit, resulting in an upward movement along the same demand curve. (True / False)

Advertisements
Advertisements

Question

The quantity demanded rises from 50 units to 100 units with a fall in price from ₹ 30 to ₹ 25 per unit, resulting in an upward movement along the same demand curve. (True / False)

True or False
Advertisements

Solution

This statement is false.

Explanation:

When price falls and quantity demanded rises, there is an expansion in demand, shown by a downward movement along the same demand curve.

shaalaa.com
  Is there an error in this question or solution?
Chapter 3: Demand - REVISION TEST PAPERS (RTPs) [Page 3.54]

APPEARS IN

Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 3 Demand
REVISION TEST PAPERS (RTPs) | Q 5. | Page 3.54
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×