ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Shift of the demand curve to the right indicates an increase in demand at the same price because a factor, such as consumer trend or taste, has risen for it. A shift to the left displays a decrease in demand at the same price because another factor, such as number of buyers, has slumped.

Detailed explanation-2: -Demand schedule A shift in demand to the right means an increase in the quantity demanded at every price. For example, if drinking cola becomes more fashionable demand will increase at every price.

Detailed explanation-3: -Increase in demand refers to increase in quantity demanded of a commodity at its existing price, due to change in other factors. It is a situation of forward shift in the demand curve and not of extension of demand curve, which takes place along the demand curve due to fall in price of the commodity.

Detailed explanation-4: -Explanation: An increase in quantity demanded refers to the situation when there is a decrease in the price in the market because decreased price encourages consumers to make more demand for output at a lower price.

Detailed explanation-5: -True or False: A “change in quantity demanded” is a shift of the entire demand curve to the right or to the left. The statement “change in quantity demanded is a shift of the entire demand curve to the right or the left” is false.