Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 3 -(A) Demand Analysis [Latest edition]
Q.5. 3. Observe the following table and answer the following question
3. Explain the diagram:
SOLUTION FOR ‘A’
1) The diagram represents contraction in demand.
2) In the diagram, A movement of the demand curve is in upward direction.
SOLUTION FOR ‘B’
1) The diagram represents expansion in demand.
2) In the diagram, A movement of the demand curve is in downward direction.
