Posted on September 9, 2022
Initially you were purchasing OT1 quantity of tea = P1K1. Now you are ready to purchase OT2 = P1K2 even when price of tea remains stable at OP1 Greater purchase of a commodity at its constant price points to a situation of increase in demand, or forward shift in demand curve. Accordingly, demand curve for tea shifts to the right, from D1 to D2.
RBSE Category 12 Business economics Chapter 3 Multiple-Possibilities Issues
Question step one. Demand for an item refers to : (a) interest in brand new product (b) dependence on new commodity (c) wide variety needed of this commodity (d) number of the brand new product needed during the a particular price throughout any sorts of time frame Answer: (d)
Matter 2. Contraction of demand ‘s the result of : (a) decrease in exactly how many Users . (b) rise in the expense of the great worried (c) decrease in the values away from most other merchandise (d) reduced amount caribbean cupid visitors of the money regarding buyers Answer: (b)