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According to law of demand by increasing...

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.

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Nowadays petrol has becomea necessary good and its supplyis limited.
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FULL MARKS-DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
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  2. Law of Demand is a qualitative statement. Comment.

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

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

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

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

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

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

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

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  10. A good is an inferior good for one and at the same time a 'normal' goo...

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  11. Normally a household will not buy a second-hand scooter even if the pr...

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  12. Give reason that Law of demand does not hold true when the prices are ...

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

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  14. Give one example when a consumer buys less of a commodity at the same ...

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  15. When a good is called 'Substitute good'?

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  16. Why market demand curve is flatter than individual demand curve ?

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  17. Law of Demand is a :

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  18. A good is an inferior good for one and at the same time a 'normal' goo...

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  19. State any three causes of a leftward shift of a demand curve of a comm...

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  20. What is the impact of the following statements on the demand curve for...

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