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With the rise in price, quantity demande...

With the rise in price, quantity demanded for the goods falls and it is known as decrease in demand.

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The correct Answer is:
False

With a rise in price, quantity demanded falls and it is known as contraction in demand. It is not an decrease in demand as it changes due to factors other than price.
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FULL MARKS-DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
  1. Change in quantity demanded means an increase and decrease in demand a...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  16. Demand for electricity has increased. However supply cannot be incre...

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  17. Even the price of petrol is very high but still its demand is very hig...

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  18. A new steel plant comes up in Jharkhand. Many people who were previo...

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  19. In order to encourage tourism in Goa, Indian Airlines reduces the air ...

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  20. There are train and bus services between New Delhi and Jaipur. Suppose...

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