Question : The demand curve displays an increase in demand when :
Option 1: Movement along the curve
Option 2: Movement along the curve there is no change.
Option 3: The curve shifts right
Option 4: The curve shifts left
Correct Answer: The curve shifts right
Solution : If the determinant raises demand, the curve moves to the right. This indicates that even while the price remains the same, there is a greater demand for the commodity or service. The incomes of consumers will increase as the economy is flourishing.
Question : An increase in government regulations can lead to:
Question : "A change in demand" most strongly suggests a -
Question : If a consumer's income rises or the price of a complementary good falls, the-
Question : Which of the statements is true :- A: Expansion in Demand leads to an upward movement along the same demand curve. B: Upward movement along the same demand curve occurs due to an increase in the price of the given commodity.
Question : Statement 1: An increase in taxes will lead to a movement along the aggregate demand curve.
Statement 2: An increase in business investment will lead to a movement along the aggregate supply curve.
Which statement is correct?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile