Download App

Elementary Theory of Demand — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsElementary Theory of Demand1 Mark
Question
What causes an upward moverment along a demand curve?
✓

Answer

Rise in price of the good, other things remaining the same, causes an upward movement along a demand curve. An upward movement along a demand curve indicates contraction of demand.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "[1 Mark Question Answer]" from Elementary Theory of Demand→Elementary Theory of Demand — all question types→Economics STD 10 question papers→ICSE Board STD 10 question papers→ICSE Board question paper generator→

Similar questions

Define decrease in demand.
→
Distinguish between stock and supply.
→
What is the effect on price when a monopoly firm tries to sell more?
→
What is the difference between tax and fee?
→
What is meant by demand pull inflation?###What is demand pull inflation?###Define the term demand pull inflation.
→
What is meant by shift in supply curve (or change in supply)?###What do you understand by shifts of the supply curve?
→
Why is price elasticity of demand negative?
→
State two features of monopolistic competition.###Give two characteristics of monopolistic competition.
→
What are demand deposits?
→
What will be the effect of 10 per cent rise in price of a good on its demand, if price elasticity of demand is (a) zero, (b) -1, (c) -2?
→