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Law of demand states that price and dema...

Law of demand states that price and demand are positively related to each other.

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False

Law of demand states that price and demand are inversely related to each other.
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Law of Demand in One Shot

According to law of demand by increasing the price of a good its demand decreases but in case of petrol, its demand increases with the increases in price why? Explain.

Explain law of demand with the help of a demand schedule.

FULL MARKS-DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
  1. Why do household buy more at a lower price than at a higher price ?

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  2. Explain the causes behind law of demand.

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  3. Law of demand states that price and demand are positively related to e...

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  4. Law of demand happens due to application of law of diminishing margin...

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  5. Law on demand explains quanūtauve relationship between price and quant...

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  6. Change in quantity demanded means an increase and decrease in demand a...

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  7. With a fall in income, demand for normal goods will rise.

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  8. With the rise in price, quantity demanded for the goods falls and it i...

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  9. If price of substitute goods falls, demand for related goods will also...

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  10. If income of the buyer decreases, demand for inferior goods decreases.

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  11. If indian Airlines reduce fares from Delhi to Mumbai, demand curve fo...

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  12. Explain with the help of diagrams, the effect of the following changes...

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  13. Explain with the help of diagrams, the effect of the following changes...

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  14. Explain the effect of the following on demand for a good: (i) Rise i...

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  15. Explain the effect of the following on demand for a good: (i) Fall i...

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  16. What does downward movement along the demand curve indicate?

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  17. Does a change in consumer's taste lead to a movement along the demand...

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  18. Law of Demand is a qualitative statement. Comment.

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  19. According to law of demand by increasing the price of a good its deman...

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  20. What policy initiatives can be government undertake to increase the ...

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