Give Economic Term

1) A situation where more quantity is demanded at lower price ______.
A situation where more quantity is demanded at lower price
Ans:- expansion of demand.
Explanation:
Expansion of demand refers to a rise in quantity demanded due to falling in price alone while other factors like tastes, income of the consumer, size of the population, etc. remain unchanged. Demand moves in a downward direction on the same demand curve.

2) Graphical representation of demand schedule _____.
Graphical representation of demand schedule
Ans:- demand curve.
Explanation:
Demand curve is a graphical representation of the individual demand schedule

3) A commodity which can be put to several uses ______.
A commodity which can be put to several uses
Ans:- composite demand.
Explanation:
The demand for a commodity which can be put to several uses is known as composite demand.
For example: Electricity is demanded by several uses such as light, washing machines, etc.

4) More quantity is demanded due to changes in the factors determining demand other than price _____.
More quantity is demanded due to changes in the factors determining demand other than price
Ans:- increase in demand.
Explanation:
increase in demand: It refers to increase in quantity demanded due to favourable changes in other factors like tastes, income of the consumer, climatic conditions etc. and price remains constant. Demand curve shifts to the right-hand side of the original demand curve.

5) A desire which is backed by willingness to purchase and ability to pay _______.
A desire which is backed by willingness to purchase and ability to pay
Ans:- demand.
Explanation:
Demand: According to Benham, “the demand for anything at a given price is the amount of it, which will be bought per unit of time at that price.” In ordinary language, demand means a desire. Desire means an urge to have something. In Economics, demand means a desire which is backed by a willingness and ability to pay.