Question
Which of the following best describes the law of demand?
Solution
Law of demand · It explains relationship between the quantity demanded of a commodity and its unit price. · As per it, demand varies inversely with price, other thing being equal. rise in the price of a commodity or service is followed by a reduction in the quantity demanded and fall in the price is followed by extension in demand, with other conditions remaining the same.
The Five year plan which recognised human development as the core of all development efforts?
What did SEBI allow mutual funds to sell in September 2024 to boost liquidity in the corporate bond market?
What is the atomic number of silicon, a component of quartz?
What is the target for renewable energy capacity in India by 2030?
Grey revolution was related to ____________.
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Which country recently surpassed Saudi Arabia to become top oil supplier of India?
Paytm partnered with ___________ Company to enable international fund transfer directly to Paytm Wallet.
Name the joint military exercise which was conducted between the special forces of Russia and Pakistan recently?
Recently India got elected to “Intergovernmental Committee of UNESCO’s 2003 Convention for Safeguarding of Intangible Cultural Heritage (ICH...
