Question 22
MediumOriginal questionIn the graph, by how much does demand change at a price of ₹6 when the curve moves from D to D₁?
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
On D at ₹6: 60 − 5 × 6 = 30. On D₁ at ₹6: 80 − 5 × 6 = 50.
The rise is 50 − 30 = 20 units at the same price.
- Concept
- Size of a shift
- Typical timeTypical
- 70 s
- Your timeYours
- —
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