Question
In two commodity worlds if one good is
inferior then the other must beSolution
If a good is inferior, then the consumer buys more of it when their income decreases, and less when their income increases.
Let's think about the scenario given. The consumer has two goods available, and when their income decreases, they buy more of both goods. How is this possible? The consumer's budget set has shrunk, so the total value of what they buy must go down, but we're predicting that consumption of each good goes up. We therefore must conclude that it is impossible for both goods to be inferior.
The e-commerce platform launched by APEDA for agri-exports is known as:
APEDA’s HortiNet system is primarily used for the traceability of which produce?
Which of the following is NOT a function of FSSAI?
…………………………means the crop producing capacity of a soil which is measured in terms of yield (bio-mass).
...Which of the following is not a product category covered under APEDA’s purview?
Which of the following is NOT a function of APEDA under the APEDA Act, 1985?
The branch of biology that deals with the heredity and variation of organisms. Who is known as father of genetics.
Which Indian organization helps exporters meet international food trade requirements and offers infrastructure support?
Traceability in agricultural export means:
In organic farming, which of the following is used as a biological nitrogen source?
