a situation where more quantity is demanded at lower price.
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Answer in one word.1. A situation where more quantity is demanded at lower price
Click here👆to get an answer to your question ✍️ Answer in one word.1. A situation where more quantity is demanded at lower price - 2. Graphical representation of demand schedule - .3. Lalitha satisfied her want of writing on essay by using pen and notebookwhich utility is -
Question
1. A situation where more quantity is demanded at lower price - __________________
2. Graphical representation of demand schedule - __________________.
3. Lalitha satisfied her want of writing on essay by using pen and notebook
which utility is - __________________________
1. Expansion of demand- It refers to the situation where quantity is demand at a lower price. It is caused due to movement in the demand curve.Medium Open in App Solution Verified by Toppr
2. Demand curve- The demand curve is the graphical representation of the demand schedule. Various points are plotted and by joining them Demand curve is formed.
3. Utility Analysis- Utility is the want the satisfying power of a commodity. Here, pen and notebook have want satisfying power of Lalitha.
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Give economic term: A situation where more quantity is demanded at lower price ______.
Give economic term: A situation where more quantity is demanded at lower price ______.
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Give economic term:A situation where more quantity is demanded at lower price ______.
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SOLUTION
A situation where more quantity is demanded at lower price expansion of demand.
Explanation:Expansion of demand refers to a rise in quantity demanded due to falling in price alone while other factors like tastes, the income of the consumer, size of the population, etc. remain unchanged. Demand moves in a downward direction on the same demand curve.
Concept: Variations in Demand
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Chapter 3.1: Demand Analysis - Exercise [Page 25]
Q 2. (1) Q 1. (4) Q 2. (2)
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Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 3.1 Demand Analysis
Exercise | Q 2. (1) | Page 25
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Give economic terms : 1. A situation where more quantity is demand at lower price…………….
Give economic terms : 1. A situation where more quantity is demand at lower price . 2. ... by willingness to purchase and ability to pay
Give economic terms : 1. A situation where more quantity is demand at lower price…………….
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