Demand Shifters
Trending Questions
Q.
Who is known as the father of economics?
Q.
Contraction of demand is the result of ________.
(A) Decrease in the number of consumers. (B) Decrease in the income of purchasers. (C) Increase in the prices of other goods. (D) Increase in the price of the commodity concerned
Q.
Greg Williams now has the buying power to purchase the desktop computer that he has wanted for the last six months. Gregs want has now become a(n) ________.
Need
Necessity
Desire
Concern
Demand
Q. What does an outward shift of the production possibilities curve indicate?
- Unemployment
- Economic growth
- Over production
- Inflation
Q. 'Make in India' campaign would shift the PPC to the right. How?
Q. Situation where an increase in the price of a commodity takes place along with an increase the quantity demanded, may occur due to _________________.
- expectations of further rise in prices
- both (b) and (c)
- normal law of demand
- better quality of the product
