Supply and Demand
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.
One-liners from this chapter
Free sample — 8 of 135 rapid-fire Q&A cards.
A — Price (₹/kg) / Quantity Demanded (kg)?
Price (₹/kg): 500; Quantity Demanded (kg): 9
B — Price (₹/kg) / Quantity Demanded (kg)?
Price (₹/kg): 400; Quantity Demanded (kg): 10
C — Price (₹/kg) / Quantity Demanded (kg)?
Price (₹/kg): 300; Quantity Demanded (kg): 12
D — Price (₹/kg) / Quantity Demanded (kg)?
Price (₹/kg): 200; Quantity Demanded (kg): 15
E — Price (₹/kg) / Quantity Demanded (kg)?
Price (₹/kg): 100; Quantity Demanded (kg): 20
Movement Along (Change in Quantity Demanded) — Cause / What happens on the diagram?
Cause: Change in own price of the good only; What happens on the diagram: Slide from one point to another on the same curve
Extension — Cause / What happens on the diagram?
Cause: Fall in own price; What happens on the diagram: Movement downward-rightward on the same curve
Contraction — Cause / What happens on the diagram?
Cause: Rise in own price; What happens on the diagram: Movement upward-leftward on the same curve
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