Question
Suppose that in a particular market, the supply curve is
highly elastic and the demand curve is highly inelastic. If a tax is imposed in this market, thenSolution
There is direct relationship between elasticity of supply and burden bear by buyer. Also, there is direct relationship between elasticity of demand and burden bear by seller. If supply is highly elastic, then buyer will bear the greater burden than sellers.
The Durga temple at Aihole, built about ______ years ago.
In August 2020, Union Minister, Nitin Gadkari has launched a mobile app, to monitor plantation along national highways, named as:
Kinetic and potential energies of a body are the components of its ______ energy.
Identify the place where the West Central Railway Zone headquarters is located.
Pointing to Abhaya in a photograph, Jaya said, “She is the mother of Mita whose father is my son.” How is Abhaya related to Jaya?
Which of the following statement is correct about Indian monsoon in 2023?
I. Despite a looming El Nino, the 2023 southwest monsoon season ended w...
Which of the following acts introduced the system of dyarchy in the provincial administration in India?
Vinaya and Sutta Pitaka are the compilations of whose teachings?
Magnus Carlsen is related to which sport?
Which of the following is/are CORRECT about Global Conference on Digital Health held in March 2023?
1. Dr Mansukh Mandaviya addressed Global C...