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.
Where will the National Women’s Boxing Championships be held from March 21 to 27, 2025?
What event did the elected women representatives of Panchayati Raj Institutions participate in at New York on May 3, 2024?
Out of the Rs.1.3 trillion to be given as long term loans for capex needs to the states, how much has been decided to be kept as untied funds by the c...
The Union Home and Cooperation Minister Amit Shah inaugurated Mega Dairy at Mandya in ______.
Which bank has acquired a minority stake in JSW Cement Limited at an investment of â‚ą100 crore?
Which chemical compound is commonly used for artificial ripening of mangoes?
What is the targeted number of educators to be empowered through AI Productivity Labs under the IndiaAI and Microsoft partnership?
Reliance Consumer Products (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures (RRVL), has acquired a controlling stake in Lot...
What does the 'Sangam: Digital Twin' initiative by the Department of Telecommunications (DoT) aim to achieve?
Microsoft has collaborated with _________ to accelerate the rapid democratization of data and intelligence that will help businesses increase productivi...
