Question
Goods for which demand increases as their price rises
are known as:ÂSolution
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.
As of FY24, the direct tax-to-GDP ratio in India has risen to:
What was the system liquidity in the banking system as of August 3, according to RBI data?
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What award did Tamil writer Sivashankari win for her contributions to literature recently?
According to a study, every rupee invested in agricultural research in India yields a return of nearly ₹____.
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