ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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prices would remain constant.
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There would be a surplus of homes on the market.
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It would shift the demand curve to the left.
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It would shift the demand curve to the right.
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Detailed explanation-1: -With rapid population growth the greatest environmental demand would be land for housing to meet the basic needs of housing provision. Land use planning provides basis on which a locality could establish what its pattern of land use ought to be [24].
Detailed explanation-2: -Answer and Explanation: An increase in the population will lead to a rightward shift in the market demand curve. When the population increases, the overall demand for goods and services also increases in the economy. This results in the shift of the market demand curve to the rightward direction.
Detailed explanation-3: -Increase in population increases the demand for goods in the market. Hence, the market demand for many commodities has increased in India.
Detailed explanation-4: -Increases in demand cause a shift to the right in the demand curve and are caused by some factors; a rise in income, a rise in the price of a substitute or a fall in the cost of a compliment.