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What do you mean by a normal good?...

What do you mean by a normal good?

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For normal good, with a rise in income, the demand of he commodity also rises and vica-versa. Shortly, direct relationship exists between the income of a consumer and demand of normal good. For example, a new car, new clothings.
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FULL MARKS-DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
  1. Suppose there are 20 consumers for a good and they have identical dema...

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  2. Consider a market where there are just two consumer and suppose their ...

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  3. What do you mean by a normal good?

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  4. When a good is called normal goods ?

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  5. What do you mean by an 'inferior good'? Give some examples.

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  6. Give the meaning of inferior good and explain the same with the help o...

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  7. What do you mean by substitutes? Give examples of two goods which are ...

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  8. What do you mean by complements? Give examples of two goods which are ...

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  9. What is meant by demand ?

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  10. Define market demand.

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  11. Due to rise in price of commodity x the demand of commodity y falls. W...

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  12. Due to rise in price of commodity x the demand of commodity y falls. W...

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  13. How will an increase in the price of petrol affect the demand curve of...

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  14. A fall in the income of the consumer leads to a rise in the demand for...

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  15. What is meant by the law of demand?

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  16. When the demand for a good rises due to a fall in its own price, what ...

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  17. Define 'change in demand'.

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  18. What causes an upward movement along a demand curve of a commodity?

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  19. Give one reason for a shift in demand curve.

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  20. What determines the quantity of a good that the buyers demand for?

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