Movement along and Shift in Demand Curve

Extension and contraction of demand known as ____________

• Movement along the demand curve

• Upward movement of demand curve

• Downward movement of demand curve

Movement along the demand curve occurs due to change in________

• Own price of the commodity

• Determinants of demand

• Other factors

Shift in demand curve means________________

• Fall in demand due to rise in own price of the commodity

• Rise in demand due to fall in own price of the commodity

• Change in demand due to factors other than own price of the commodity

In case of contraction of demand, we move _________

• From upper point to lower point of the same demand curve

• To right on the another demand curve

• From lower point to upper point on the same demand curve

A rise in income of the consumer in the case of normal good will cause rightward shift of demand curve. State true or false.

• True

• False

Increase in demand occurs due to _________.

• A) Decrease in price of the complementary good

• B) Increase in income of the consumer

• Both A and B (All of the above)

Which of the following will result in a decrease in demand (i.e., a leftward shift of the demand curve)?

• A decrease in the price of a complement to the good.

• An decrease in income, if the good is normal.

• An increase in the price of a substitute for the good.

An increase in customers' incomes will lead __________

• Lead to a movement along the demand curve

• Shift the demand curve

• Lead to an extension of demand

When we say demand increases, we mean that there is a_________.

• Leftward shift of the demand curve.

• Movement to the right along a demand curve.

• Rightward shift of the demand curve.

When taste and preference of the consumer in favor of the commodity will shift the demand curve leftward.

• True

• False