Question 21 of 39
Q.Give economic term:
More quantity is demanded due to changes in the factors determining demand other than price.
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2024Subjective· 1mImportance★★★★★
54% · 21/39 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →The economic term is Increase in demand — a rise in quantity demanded caused by favourable changes in non-price determinants, shown by a rightward shift of the demand curve. Answer: Increase in demand.
Why: It is important to separate two situations:
- A change in quantity demanded due to a change in the good's own price (other factors constant) is a movement along the demand curve (extension/contraction). …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.