Question
The famous coal mining region ‘Korba’ is located in
which state of India?Solution
The famous coal mining region of Korba is located in the state of Chhattisgarh, India. Chhattisgarh is known for its rich mineral resources, including coal, which plays a significant role in the state's economy. Korba is one of the major coal mining areas in Chhattisgarh and is home to several coal mines, thermal power plants, and related industries.
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 as
Which one of the following is not the function of a managerial economist?
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
Information for pricing decision involves
Under perfect competition, the long-run equilibrium of the firm is established at
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"...
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given by
When price elasticity of demand is unity, the total expenditure:
Concept of 'Consumer's Surplus' was evolved by
Relevant for Exams:
