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What is meant by the law of demand?...

What is meant by the law of demand?

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It states that price of the commodity and quantity demanded are inversely related to each other when other factors remain constant (ceteris Paribus).
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FULL MARKS-DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
  1. How will an increase in the price of petrol affect the demand curve of...

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

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  3. What is meant by the law of demand?

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

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  5. Define 'change in demand'.

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

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

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

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  9. Why market demand curve is flatter?

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  10. Ceteris Paribus, if the government provides subsidies on electricity b...

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  11. Demand for a commodity refer to :

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  12. Contraction of demand is the result of:

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  13. All but one of the following are assumed to remain the same while draw...

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  14. Which of the following pairs of goods is an example of substitutes ?

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  15. The law of Demand, assuming other things to remain constant, establish...

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  16. If regardless of changes in its price, the quantity demanded of a good...

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  17. Suppose the price of pepsi increases, we will expect the demand cur...

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  18. All of the following items are determinants of demand except:

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  19. A movement along the demand curve for soft drinks is best described ...

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  20. If the price of Pepsi decreases relative to the price of Coke and 7-UP...

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