Question
Explain the distinction between change in demand and change in quantity demanded of a commodity.
OR
Explain the distinction between a shift in demand curve and a movement along the demand curve. Use diagram.OR
Explain the distinction between a shift in demand curve and a movement along the demand curve. Use diagram.| S. No. | Basis | Change in a quantity demanded | Change in demand |
| 1. | Cause | Change in quantity demanded is due to change in price of the given commodity | alone, ceteris paribus. | Change in demand is due to change in factors other than price of the given commodity like change in income, change in taste etc. |
| 2. | DD curve | It causes “movement” along a demand curve. It is shown on the same demand curve. | It causes “shift” of the demand curve. It is shown on the new demand curve as rightward shift and leftward shift. |
| 3. | Diagram |
|
|
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
OR
Distinguish between increase in quantity supplied and increase in supply.| Quantity Sold | TR | MR | AR |
| 0 1 2 3 4 5 6 | | |
OR
Explain why the price a consumer is willing to pay for a good equals the marginal utility of X when in equilibrium.OR
Explain why consumer's equilibrium is attained when the utility of a product in terms of money is equal to its price.OR
State any three causes of a rightward shift of a demand curve of a commodity.OR
State any three factors which lead to increase in demand.| L | TPL |
| 0 1 2 3 4 5 | 0 15 35 50 40 48 |