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Q.2. Give economic term. More quantity is demanded due to changes in the factors determining demand other than price _____

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board 

 

Chapter 3 -(A) Demand Analysis [Latest edition]

Q.2. Give economic term

 

More quantity is demanded due to changes in the factors determining demand other than price _____.


More quantity is demanded due to changes in the factors determining demand other than price increase in demand.

Explanation:

increase in demand: It refers to increase in quantity demanded due to favourable changes in other factors like tastes, income of the consumer, climatic conditions etc. and price remains constant.

Demand curve shifts to the right-hand side of the original demand curve.