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 Economics Section step three Multiple-Solutions Inquiries
Concern step one. Demand for a product refers to : (a) interest in new item (b) dependence on the fresh new product (c) quantity recommended of the commodity (d) number of brand new product needed from the a certain rate through the any sort of time frame Respond to: (d)
Concern 2. Contraction out of consult is the result of : (a) reduced amount of the amount of Consumers . (b) upsurge in the expense of the nice alarmed (c) reduced amount of the prices out-of most other items (d) decrease in the money off buyers Address: (b)
All except one of after the is actually believed to remain the brand new same while drawing a person’s request contour to possess an item. Which one is it? (a) The newest liking of the individual (b) Their monetary income (c) Rate (d) Price of relevant products Answer: (c)
Question 4. Hence of after the sets of goods was a good example of alternatives? (a) Teas and you can Sugar (b) Beverage and you may Coffee (c) Pen and ink (d) Clothing and you will Jeans Respond to: (b)