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
Which of the following statements correctly represents capital?
According to Union Budget 2023-24, consider the following statements regarding indirect taxation changes made for green mobility:
1. Exemption of...
Under the Unified Pension Scheme (UPS), what percentage of the average basic pay over the last 12 months does a central government employee receive as a...
Which entities are eligible to participate in the MSE-SPICE scheme as Primary Lending Institutions (PLIs)?
Consider the following statements related to pension funds in India:
1) The National Pension System (NPS) is mandatory for all Indian citizens.
Which organization has been appointed as the Nodal Agency by the Ministry of MSME for implementing the 'Capacity Building of First Time MSE Exporters' (...
Which type of goods are described as having perfectly inelastic demand?
Which city hosted the Sustainable Finance for Tiger Landscapes Conference aimed at mobilizing USD 1 billion for tiger conservation?
The amount credited in EEFC a/c on March 04' 2024, and remaining unutilized would be mandatorily converted to INR on ___
The term CHIPS stands for:
