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IMPORTANT
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When backed by an ability to pay, want for the specific product becomes _____.

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Important Questions on Indian Economy

EASY
SSC CGL Tier 1
IMPORTANT
Embibe General Awareness>Chapter 1 - Indian Economy>Exercise 8>Q 2
Normal goods and inferior goods are related to:
HARD
SSC CGL Tier 1
IMPORTANT
Embibe General Awareness>Chapter 1 - Indian Economy>Exercise 8>Q 2
For ₹4, the demand for the goods is 25 units. Suppose the price of the good increases to ₹5, and as a result, the demand for the good falls to 20 units. What will be the price elasticity in the said situation?
MEDIUM
SSC CGL Tier 1
IMPORTANT
Embibe General Awareness>Chapter 1 - Indian Economy>Exercise 8>Q 2
Which of the following equation best explains the situation of a 4% decrease in the price of a good, resulting in expenditure on the good increasing by 2%?
EASY
SSC CGL Tier 1
IMPORTANT
Embibe General Awareness>Chapter 1 - Indian Economy>Exercise 8>Q 2
AD curve is a:
EASY
SSC CGL Tier 1
IMPORTANT
Embibe General Awareness>Chapter 1 - Indian Economy>Exercise 9>Q 2
_____ unemployment happens when people are not able to find jobs during some months of the year.
EASY
SSC CGL Tier 1
IMPORTANT
Embibe General Awareness>Chapter 1 - Indian Economy>Exercise 9>Q 2
Which of the following is/are the cause(s) of the unemployment?
EASY
SSC CGL Tier 1
IMPORTANT
Embibe General Awareness>Chapter 1 - Indian Economy>Exercise 9>Q 2
"Disguised Unemployment" means _____.