Question
For which of the following goods is the demand curve
upward sloping ?Solution
Both Giffen goods and Veblen goods are special cases of goods where the demand for the good is different from what we would intuitively expect. Whereas most goods are normal good, meaning that we buy more of them when the price decreases, this is not the case for Giffen and Veblen goods. Thus, both goods are exceptions to the law of demand
Who among the following singers has been awarded with Bharat Ratna?
“Pi Day” is observed in the month of March on which of these dates?
Kautilya in his Arthashastra describes the availability of varieties of pearls from the
What is the capital city of the Indian state of Jharkhand?
Rani Machaiah from Karnataka was awarded the Padma Shri for her contribution to popularising ___________ in and outside Karnataka.
What kind of technology is most frequently used to manage and digitise e-land records?
Jet streams are a particular form of:
Jat-Jatin is one of the most popular folk dance form of which among the following states?
Bhopal became the capital of Madhya Pradesh in:
When do we celebrate ‘National Unity Day’?