CA Foundation Exam > CA Foundation Questions > Movement along the same demand curve shows:a)...
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Movement along the same demand curve shows:
- a)Expansion of demand
- b)Expansion and contraction of demand
- c)Expansion of supply
- d)Increase and decrease of supply
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Movement along the same demand curve shows:a)Expansion of demandb)Expa...
The movement along the same demand curve shows the variation in demand, i.e. expansion and contraction.
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Movement along the same demand curve shows:a)Expansion of demandb)Expa...
Movement along the same demand curve shows Expansion and Contraction of Demand.
Explanation:
When the price of a product changes, it affects the quantity demanded of that product. Movement along the same demand curve shows the change in quantity demanded due to a change in price.
Expansion of Demand:
When the price of a product decreases, the quantity demanded of that product increases. This is called an expansion of demand. As a result, the movement along the demand curve is to the right.
Contraction of Demand:
When the price of a product increases, the quantity demanded of that product decreases. This is called a contraction of demand. As a result, the movement along the demand curve is to the left.
Therefore, the movement along the same demand curve shows both expansion and contraction of demand depending on the change in price.
Explanation:
When the price of a product changes, it affects the quantity demanded of that product. Movement along the same demand curve shows the change in quantity demanded due to a change in price.
Expansion of Demand:
When the price of a product decreases, the quantity demanded of that product increases. This is called an expansion of demand. As a result, the movement along the demand curve is to the right.
Contraction of Demand:
When the price of a product increases, the quantity demanded of that product decreases. This is called a contraction of demand. As a result, the movement along the demand curve is to the left.
Therefore, the movement along the same demand curve shows both expansion and contraction of demand depending on the change in price.
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Movement along the same demand curve shows:a)Expansion of demandb)Expa...
B
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Movement along the same demand curve shows:a)Expansion of demandb)Expansion and contraction of demandc)Expansion of supplyd)Increase and decrease of supplyCorrect answer is option 'B'. Can you explain this answer?
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