Question
If the price of a good increases while all other factors
remain constant, what is most likely to happen according to the law of demand?Solution
The law of demand states that, ceteris paribus (all other things being equal), when the price of a good rises, consumers purchase less of it; when the price falls, they buy more. This inverse relationship between price and quantity demanded is one of the fundamental principles of microeconomics.
Which of the following statement/s is/are incorrect about “Factories act 1891”?
I.Registration of a factory with 100 or more employees.
<...Seven people, A, B, C, D, E, F and G, are sitting in a row, facing north. Only five people sit between C and D. B sits third from the right end. G sits ...
Which one of the following is not a feature of the Non-Cooperation Movement?
The Treaty of Yandaboo was signed between the British and _____________
Which shortcut key is used for previewing the page before printing?
Four letter-clusters have been given out of which three are alike in some manner and one is different. Select the one that is different.
14 years ago, the age of a father was three times the age of his son. Now, the father is twice as old as his son. What is the sum of the present ages of...
Which one among the following represents the meaningful sequence of the words given below ?
1. Interview
2. Appointment
3. Selectio...
30 men can complete a piece of work in 48 days. ‘x’ men started the work and after 33 days 64 more men joined them so that whole work was finished i...
Consider the following statements regarding the National Social Assistance Programme (NSAP), Which of the statements given above is/are correct?
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