SSC
GENERAL ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Movement along the Demand curve to the right is called
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decrease in demand
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decrease in quantity demanded
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increase in demand
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increase in quantity demanded
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Explanation:
Detailed explanation-1: -Keeping all other factors the same, when there is a change in demand of a commodity due to change in price, it is referred to as the change in quantity demanded. It is shown as a movement along the demand curve when expressed graphically.
Detailed explanation-2: -Price changes in the same direction as the change in supply. Quantity changes in the opposite direction to the change in supply. Figure 4.13(a) shows the effects of an increase in both demand and supply. An increase in demand shifts the demand curve rightward and an increase in supply shifts the supply curve rightward.
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