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An increase in income leads to decline in demand of an inferior good but a fall in price leads to decline in demand of an inferior good only when it is a giffen good as well. But all inferior goods are not giffen and the question only mentions inferior good. Therefor option b is correct.
Res-Judicata is incorporated under which provision of CPC?
As per the Sale of Goods Act, 1930 document of title of goods is?
What is the time period within which a suit filed under the provisions of the Specific Relief Act shall be disposed of by the court?
Which of the following properties can be transferred?
In matters other than International Commercial Arbitration, the time limit for making an arbitral award is-
Which of the following is the principle of equity mentioned in the statute of ICJ?
Who among the following holds his office at the pleasure of the President?
Which of the following emergencies has been declared for the maximum time in India:
Which one of the following is NOT available as a remedy against an ex parte decree?
In which of the following cases did the court held that the Karnataka Scheduled Castes and Scheduled Tribes (Prohibition of Transfer of Certain Lands...