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Contraction of demand is the result of:...

Contraction of demand is the result of:

A

1.decrease in the number of consumers.

B

2.increase in the price of goods concerned.

C

3.increase in the prices of other goods.

D

4.decrease in the income of purchasers.

Text Solution

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The correct Answer is:
b
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FULL MARKS-DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
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  2. Demand for a commodity refer to :

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  3. Contraction of demand is the result of:

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

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

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

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

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

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

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

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

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  12. The price of tomatoes increases and people buy tomato puree. You infer...

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  13. Potato chips and popcorn are substitutes.A rise in the price of potato...

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  14. When total demand for a commodity whose price has fallen increases, i...

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  15. With a fall in the price of a commodity:

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  16. Goods that exhibit direct price-demand relationship are called:

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  17. In case of Giffen goods, the demand curve will be :

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  18. Law of Demand is a :

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  19. When income of the consumer falls the impact on price-demand curve of ...

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  20. If due to fall in the price of good X, demand for good Y rises, the t...

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