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CBSECommerce (English Medium) Class 11
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Syllabus

Which of the following diagram represents the situation of ‘Expansion in Demand’?

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Question

Which of the following diagram represents the situation of ‘Expansion in Demand’?

Options

  • A fall in price from OP to OP₁ increases quantity demanded from OQ to OQ₁ along the same demand curve.

  • The demand curve shifts leftward from DD to D₁D₁, reducing quantity demanded from OQ to OQ₁ at the same price.

  • A rise in price from OP to OP₁ reduces quantity demanded from OQ to OQ₁ along the same demand curve.

  • The demand curve shifts rightward from DD to D₁D₁, increasing quantity demanded from OQ to OQ₁ at the same price.

MCQ
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Solution

A fall in price from OP to OP₁ increases quantity demanded from OQ to OQ₁ along the same demand curve.

Explanation:

Expansion in demand is an increase in quantity demanded due to a fall in own price, shown as downward movement along the same curve. The other diagrams show contraction or shifts in demand.

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Q 47.
Chapter 3: Demand - OBJECTIVE QUESTIONS [Page 3.43]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 3 Demand
OBJECTIVE QUESTIONS | Q 47. | Page 3.43
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