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.
Which organization appointed Rakesh Mohan to its Economic Advisory Panel?
Socio-economic Caste Census (SECC) is aimed at canvassing every Indian family, both in rural and urban India on the basis of their Economic & Social st...
NSDC International and Perdaman got into a partnership to create an interface between Indian skilled youth and market opportunities in which of the foll...
Under which of the following’s administrative control does ECGC come?
Which bank was awarded the Best IT Risk Management by the Indian Banks' Association (IBA)?
Which private sector bank has launched foreign outward remittance service through mobile banking, after this Non-resident external and resident savings ...
Under which Scheme of PFRDA, the scheme is no longer accepting enrolments from income tax payers from October 1, 2022?
Which of the following public sector bank has launched the Aarogyam healthcare business loan?
Which major financial institution's new partnership was focused on offering a broad range of insurance products on the Policybazaar platform?
What were the profits of all the Public Sector Banks in the year 2021?