Demand True And False

Demand –True and False

Class 12 - 2017

Q1	The law of demand state inverse and proportional relationship between price and demand
Q2	Demand of a commodity falls due to rise in its price alone
Q3	As a result of fall in the number of consumers of a commodity , there will be contraction in its demand
Q4	A change in quantity demanded as a result of change in price will mean movement on the demand curve
Q5	There is increase in demand of a good when price of substitute good increases
Q6	Fall in product price causes the market demand curve to shift upward to right
Q7	If the good X and Y are substitutes , a rise in price of X will result in the rightward shift in demand curve of Y
Q8	The demand of a commodity always increases with increase in price of other good
Q9	The demand of good increases with the increase in the income of its buyers
Q10	Demand curves slopes downward from left to right