Question
“Higher the price of certain luxurious articles,
higher will be the demand” This concept is calledSolution
Veblen Goods are a class of goods that do not strictly follow the law of demand, which states that there exists an inverse relationship between the price of a good or service and the quantity demanded of that good or service. Veblen goods violate the law of demand after prices have risen above a certain level.
When was the Atmiya Sabha founded to attack the evils within Hinduism?
Asexual reproduction takes place through budding in-
What is the WMA (Ways and Means Advances) limit for the Central Government as of 2024-25?
The force of the Earth’s gravity on every kilogram is about:
In which year was Jairam Ashram established in Bhimgoda, Haridwar?
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Which river makes boundary between India and Nepal?
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