See the Demand curves (D1 and D2) in the figure below. Choose all the correct statements pertaining to these curves. Price vs Quantity graph with demand curve D1 (solid) and a parallel dotted demand curve D2 to its right

(A) An increase in Demand will shift the curve D1 towards D2

(C) A Decrease in Demand will shift the curve D2 towards D1

(E) A Decrease in Demand will not shift the curve D1 towards D2

(B) A Decrease in Demand will shift the curve D1 towards D2

(D) An increase in Demand will not shift the curve D1 towards D2

(F) A Decrease in Demand will not shift the curve D2 towards D1

Business Data Management · Quiz 1 · 16 Oct 2022 · September 2022 term

Question 8: See the Demand curves (D1 and D2) in the figure below. Ch…

Question 8

+2 marksOne or more correct options

See the Demand curves (D1 and D2) in the figure below. Choose all the correct statements pertaining to these curves.

Select all that apply.

A
An increase in Demand will shift the curve D1 towards D2
B
A Decrease in Demand will shift the curve D1 towards D2
C
A Decrease in Demand will shift the curve D2 towards D1
D
An increase in Demand will not shift the curve D1 towards D2
E
A Decrease in Demand will not shift the curve D1 towards D2
F
A Decrease in Demand will not shift the curve D2 towards D1

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Correct answers

A
An increase in Demand will shift the curve D1 towards D2
C
A Decrease in Demand will shift the curve D2 towards D1
E
A Decrease in Demand will not shift the curve D1 towards D2

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Question 8 of 13 in the IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 16 Oct 2022, in the September 2022 term (IIT M QUIZ 1 FOUNDATION DAD DIPLOMA QPD2 16 Oct 2022). It carries 2 marks.

Question 8: See the Demand curves (D1 and D2) in the figure below. Ch…

Question 8

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