Question
Income elasticity of inferior goods is
........................?Solution
The demand for inferior goods rises when the real income of consumers falls and vice versa. Hence, income elasticity of demand for inferior goods is negative.
When a Proclamation of Emergency is in operation fundamental rights under part 3 of the Constitution are suspended except-
Under Section 3(6) of the SARFAESI Act, an asset reconstruction company must obtain prior approval of the Reserve Bank for substantial change in managem...
Adultery is not a crime. This was held in
Anticipatory bail may be granted by
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Whoever contravenes any provision of Contract Labor (Regulation & Abolition) Act 1970 or of any rules made there under prohibiting, restricting or reg...
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The President can proclaim emergency on the written advice of the
