Question
Elasticity of supply refers to the degree of
responsiveness of supply of a commodity to changes in its:Solution
Elasticity of supply measures the degree of responsiveness of quantity supplied to a change in own price of the commodity
How much subsidy is expected to be provided by the government to IOC, BPCL, and HPCL for LPG in FY25?
Which Indian railway station received the 'Green Railway Station Certificate' in January 2023, achieving the highest Platinum rating?
According to the World Trade Organization, what is India’s rank among global exporters of agricultural products as of 2023?
The PM SHRI Scheme focuses on nurturing students to become
Who wrote the state and traditional song of Assam, titled "O Mur Apunar Dekh"?
When was the first education policy implemented?
Consider the following:
I.National Education Policy 2020 (NEP 2020) unequivocally endorses and envisions a substantial increase in public investm...
Who will be named the pro tem speaker of the 18th Lok Sabha?
Recently, which Ministry partnered with the Ministry of Rural Development (MoRD) and the Ministry of Panchayati Raj (MoPR) to conduct webinars on newly ...
What is the financial assistance amount provided to each Model Solar Village under the PM-Surya Ghar Free Electricity Scheme?
