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As per Law of demand, demand varies inversely with price, other thing being equal i.e. rise in the price of a good or service is followed by a reduction in the quantity demanded and a fall in price would lead to rise in demand of the good/service. The demand curve is therefore upward sloping. Giffen or inferior goods are an exception to the law of demand and for such goods the demand extends as the price rises. The demand curve of giffen goods is upward sloping.
Under the Pradhan Mantri Gareeb Kalyan Ann Yojana (PMGKAY), how much wheat allocation was restored by the government?
________ an autonomous body of Ministry of Labour & Employment and Associated Chambers of Commerce & Industry of India (ASSOCHAM) have signed an MoU to ...
Consider the following statement about Export Promotion Capital Goods (EPCG) norms:
I. Govt has announced a one-time relaxation with respect to m...
In which year was Mushtaq Hussain Khan awarded the Sangeet Natak Akademi Award for music?
Who has become the youngest Muslim to serve as the Head of the Scottish Parliament?
Regarding the U.S. legislation for the Indian Ocean Region, which statements are accurate?
1. The strategy includes provisions for promoting coop...
Who has become India's No. 1 chess player?
RBI recently increased Voluntary Retention Route (VRR) for investment limit from Rs. 1,50,000 crores to Rs. __________ crores.
Which team won the inaugural Women’s Hockey India League 2024?
Which airline would become the first airline in the world to use Solar (sun-to-liquid) fuel?