Question : The demand curve displays an increase in demand when :
Option 1: Movement along the curve
Option 2: Movement along the curve there is no change.
Option 3: The curve shifts right
Option 4: The curve shifts left
Correct Answer: The curve shifts right
Solution : If the determinant raises demand, the curve moves to the right. This indicates that even while the price remains the same, there is a greater demand for the commodity or service. The incomes of consumers will increase as the economy is flourishing.
Question : "A change in demand" most strongly suggests a -
Option 2: Movement along the price curve
Option 3: Change in quantity demanded of a good
Option 4: Shift in the demand curve
Question : If a consumer's income rises or the price of a complementary good falls, the-
Option 1: The product's demand curve shifts to the right.
Option 2: The product's demand curve shifts to the left.
Option 3: The product's supply curve shifts to the right.
Option 4: The product's supply curve shifts to the left.
Question : Which of the statements is true :- A: Expansion in Demand leads to an upward movement along the same demand curve. B: Upward movement along the same demand curve occurs due to an increase in the price of the given commodity.
Option 1: Only option A correct
Option 2: Option B is correct
Option 3: Both are correct
Option 4: Both are false
Question : Statement 1: An increase in taxes will lead to a movement along the aggregate demand curve.
Statement 2: An increase in business investment will lead to a movement along the aggregate supply curve.
Which statement is correct?
Option 1: Only Statement 1
Option 2: Only Statement 2
Option 3: Both Statement 1 and Statement 2
Option 4: Neither Statement 1 nor Statement 2
Question : Statement 1: An increase in government spending will lead to a movement along the aggregate demand curve.
Statement 2: An increase in wages will lead to a movement along the aggregate supply curve. Which statement is correct?
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