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Money Supply and Inflation

Forward shift...

Question

Forward shift in demand curve occurs when price of the commodity rises, and consumer's income remains constant.

A

True

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B

False

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Solution

The correct option is B False
False.
Forward shift in demand curve occurs when price of the commodity remains constant and consumer's income rises or favourable change in some other factor except price takes place.

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Q.
Shift in demand curve does not occur so long as the price of the commodity is constant.

Q. Comment upon the shape of the demand curve if the price of a commodity rises by

10 %

and there is no change in its quantity demanded.

Q. A consumer buys 50 units of a commodity at Rs 4 per unit. When its price falls by 25%, its demand rises to 100 units. Find out price elasticity of demand.

Which of the following are true?

a) Extension and Co when price of one commodity falls, new consumers will buy commodity contraction of demand are related to change in price
b) Extension and Contraction of demand results in the movement along side the demand curve

Q. Law of demand must fail if less of a commodity is demanded even when the income of the buyer rises.

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