Question
Goods and Services Tax in India is a tax based on which
criteria?Solution
Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. CGST, SGST and IGST are the 3 types of GST in India. CGST and SGST are levied on intra-state transactions. CGST is collected by the centre and SGST by the state. IGST is charged on inter-state goods/services transactions. Â
Information for pricing decision involves
The goods whose demand is not tied with the demand for some other goods are said to haveÂ
A rightward shift in supply curve indicates
A high value of cross-elasticity indicates that the two commodities are
Movement along a demand curve as a result of change in price is known asÂ
Market with one buyer and one seller is called
In a typical demand schedule, quantity demanded varies
 The above curve is a
Demand analysis includesÂ
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
