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A Demand Analysis — Economics STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsA Demand Analysis2 Marks
Question
Increase in demand and Decrease in demand
✓

Answer

Increase in Demand

Decrease in Demand

(a) Increase in demand refers to a rise in demand due to changes in other factors, price remaining constant.

(a) Decrease in demand refers to fall in demand due to changes in other factors, price remaining constant.

(b) Increase in demand occurs when more is purchased at the same price.

(b) Decrease in demand occurs when less is purchased at the same price.

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