Question
Goods for which demand increases as their price rises
are known as:Solution
Giffen goods are a special type of inferior good for which demand increases as the price rises, due to the fact that these goods make up a large portion of a consumer's budget and the income effect outweighs the substitution effect.
Which of these famous footballer has announced his retirement from the game on 3rd November, 2022?
Triveni Sangam of Uttar Pradesh is the place of confluence of which of the following rivers?
The Shanghai Cooperation Organization (SCO), established for deeper political and economic cooperation, was formed in 2001 by the leaders of the member ...
What is the duration set for the completion of the three railway projects approved by the Cabinet?
Mahakal Lok corridor at Mahakaleshwar temple is associated with which lake?
India’s first greenfield grain based ethanol production plant inaugurated in ………………….
Who formed a women's regiment in the Indian National Army in 1943?
Who is the recipient of the ‘Karnataka Ratna Award’ for the year 2022?
How many crores worth of goods and services were procured from MSEs under the Public Procurement Policy in 2023-24?
Which district of Haryana is known as ‘Bowl of Rice’?
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