Question

I challenge no one can give correct answer for the following: Determine how the following changes(or shifts) will affect a market demand curve for a product:. (a) a new steel plant comes up in Jharkhand people who were early unemployed in the area are now employed. How will this effect the demand for colour t.v. and black and white tv in the area? (b) In order to encourage tourism in Goa. The govt. of India suggest Indian airlines to reduce air fare to Goa from major cities of chennai,kolkata,mumbai and delhi. If the Indian airlines reduces the fare to goa. How will this affect the market demand curve for air travel to goa? (c) There are train and bus services between New Delhi and jaipur. Suppose that the train fare between the two cities come down. How will this affect demand curve for bus travel between two cities?​

Answer 1

Answer:

Decrease in incomes would have the opposite effect, causing the demand curve to shift to the left, toward D 2 \text D_2 D2start text, D,.

ecrease in incomes would have the opposite effect, causing the demand curve to shift to the left, toward D 2 \text D_2 D2start text, D,.major cities of chennai,kolkata,mumbai and delhi. If the Indian airlines reduces the fare to goa. How will this affect the market demand curve for air travel to goa.

The govt. of India suggest Indian airlines to reduce air fare to Goa from major cities of chennai,kolkata,mumbai and delhi. If the Indian airlines reduces the fare to goa.