Quasif Ansari Solutions for Chapter: Indian Economy, Exercise 8: Exercise 8
Quasif Ansari General Awareness Solutions for Exercise - Quasif Ansari Solutions for Chapter: Indian Economy, Exercise 8: Exercise 8
Attempt the free practice questions on Chapter 1: Indian Economy, Exercise 8: Exercise 8 with hints and solutions to strengthen your understanding. Embibe General Awareness solutions are prepared by Experienced Embibe Experts.
Questions from Quasif Ansari Solutions for Chapter: Indian Economy, Exercise 8: Exercise 8 with Hints & Solutions
A consumer spends his income according to the law of_____.
The need or want for a particular product becomes a demand when:
What is the name given to the graph that shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level in economic terms?
When backed by an ability to pay, want for the specific product becomes _____.
Normal goods and inferior goods are related to:
For , the demand for the goods is units. Suppose the price of the good increases to , and as a result, the demand for the good falls to units. What will be the price elasticity in the said situation?
Which of the following equation best explains the situation of a decrease in the price of a good, resulting in expenditure on the good increasing by ?
AD curve is a:
