Question
Which Indian state is set to become the country’s
first digitally literate state on August 21, 2025?Solution
Kerala will become India’s first digitally literate state through the “Digi Keralam” initiative. The program covered 83 lakh households and trained 21 lakh people, including elderly citizens above 90 years. The training emphasized smartphone use, social media, and fighting misinformation. With 99.98% successful completion, Kerala has set a national benchmark in digital inclusion.
The statement, "The elasticity of demand may be defined as the percentage change in quantity demanded which would result from 1 percent change in price"...
The above curve is a
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
Who introduced the concept of elasticity of demand?
When the economist speaks of an increase in demand, he is usually referring to a ____________________
Pricing decision includes
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to
Movement along a demand curve as a result of change in price is known as
Under price discrimination, price will be higher in the market where demand is
Shifts in demand curve as shown in the figure below represents
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