Market demand and supply

When quantity demanded of a commodity changes due to a change in its price, keeping other factors constant is known as

• Movement along the Demand Curve

• Movement along the Supply curve

• Shift in demand

• shift in supply

When quantity demanded of a commodity changes due to a change in other factors keeping price constant is known as

• Movement along the Demand Curve

• Movement along the Supply curve

• Shift in demand

• shift in supply

Expansion or a Contraction in demand remains along the ............. demand curve

• different

• same

• two

• none of the above

Downward movement along the same demand curve is known as

• Contraction in Demand

• Increase in demand

• Expansion in Demand

• Decrease in demand

Upward movement along the same demand curve is known as

• Expansion in Demand

• Contraction in Demand

• Increase in demand

• Decrease in demand

Demand curve remain the same , Only shift in equilibrium point due to change in prices is known as

• Shift in demand

• Movement along the supply Curve

• Movement along the Demand Curve

• shift in supply

When the position of the demand curve will shift to the left or right following a change in determinant of demand is called as

• Shift in demand

• Movement along the supply Curve

• Movement along the Demand Curve

• shift in supply

Factors responsible for shift in Demand

• Income of Consumer

• Change in prices of substitute goods

• Change in prices of Complementary goods

• Changes in test and preferences

• All the above

A rightward shift in demand curve parallel to the original demand curve is known as

• Increase in demand

• Movement along the supply Curve

• Movement along the Demand Curve

• shift in supply

A leftward shift in demand curve parallel to the original demand curve is known as

• Increase in demand

• Movement along the supply Curve

• Movement along the Demand Curve

• Decrease in demand