Question
What is the name of the initiative launched by the
Bureau of Indian Standards (BIS) and Govind Ballabh Pant University of Agriculture and Technology (GBPUAT)?Solution
This initiative aims to integrate Indian Standards into agricultural practices.
The reasons for L-shaped long run average cost curve is/are
The positive cross elasticity of demand between two products means the two products
Pricing decision includes
Diamond-water paradox establishes the fact that
Shifts in demand curve as shown in the figure below represents
When price elasticity of demand is unity, the total expenditure:
In case of Giffens goods, price effect is
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
The goods whose demand is not tied with the demand for some other goods are said to haveÂ
OPEC is an example ofÂ