Maharashtra State BoardHSC Arts 12th Board Exam
Advertisement Remove all ads

When Does ‘Increase’ in Demand Take Place? - Economics

Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads

When does ‘increase’ in demand take place?

Advertisement Remove all ads

Solution

An increase in the demand is caused by a change in the factors other than own price of the good. It includes an increase in income, change in taste and preferences of the good. Diagrammatically, it is shown as a forward shift in the demand curve.

Concept: Demand Curve and Its Slope
  Is there an error in this question or solution?

Video TutorialsVIEW ALL [1]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×