Demand — Important Questions
Gujarat Board · Class 11 · Economics
44 important questions from Demand for Gujarat Board Class 11 Economics, with answers. Includes multiple choice, multiple correct and true false questions.
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Important Questions from Demand
Which of the following are factors affecting demand? (Select all correct options)
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Price of the commodity, Consumer's income, Tastes and preferences, Prices of related goods
The main determinants of demand are: price of the commodity, consumer's income, tastes and preferences, prices of related goods, expectations about future prices, and size of population. Weather conditions are not a primary determinant.
The demand curve slopes downward from left to right.
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True
The demand curve slopes downward from left to right, indicating the inverse relationship between price and demand as stated by the Law of Demand.
Which of the following are examples of complementary goods? (Select all correct options)
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Mobile phone and SIM card, Car and petrol, Pen and ink
Complementary goods must be used together. Mobile phone needs SIM card, car needs petrol, pen needs ink. Tea and coffee are substitutes, as are Pepsi and Coca-Cola.
What causes expansion and contraction of demand?
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Change in price only, keeping other factors constant
Expansion and contraction of demand occur due to changes in price only, while keeping other determinants constant. It represents movement along the same demand curve.
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