Question
By how much did the manufacturing GVA in India grow in
the financial year 2022-23, according to NSO as per data released in Nov 2024?Solution
India's manufacturing GVA increased by 7.3% in 2022-23, reflecting growth in the sector as reported by the NSO.
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