New Enroll in RBI Grade B New Batch - Starts on May 21

Practice Theory of Demand and Supply Questions and Answers

Which of the following is true for income elasticity of demand? (1) It measures the responsiveness of quantity demanded of a good with respect to consumer...
For normal goods, the demand curve has a/an_______ slope.
What is the likely elasticity of supply when the supply curve is a straight line, vertical to the x-axis?
Which of the following is/are constant along a demand curve? (1) Income of the consumers (2) Price of related goods
A perfectly elastic demand curve is

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