Question 16 of 26
Q.What does the shifting of demand curve to the right indicate?
(a) Expansion of demand
(b) Increase in demand
(c) Contraction of demand
(d) Decrease in demand
ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2019MCQ· 1mImportance★★★★★est
62% · 16/26 Questions
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Start your 14-day free trial to unlock the full solution →The correct answer is (b) Increase in demand.
This tests the distinction between movement along a demand curve and a shift of the curve — a core CHSE Odisha +2 Business Economics idea.
- Expansion (a) and Contraction (c) of demand are movements along the same demand curve caused by a change in the good's own price (expansion = more bought when price falls; contraction = less bought when price rises). …
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