Question
Consider the following statements regarding the
Commission and Committee of Parliament on the official languages. 1. It shall be the duty of the Commission to make recommendations to the President as to the progressive use of the Hindi language for the official purposes of the Union. 2. There shall be constituted a Committee consisting of 30 members. 3. Out of 30 Members of the Committee, 10 shall be members of the House of the People and 20 shall be members of the Council of States. Which of the given statements is/are correct?Solution
The correct answer is D
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
Movement along a demand curve as a result of change in price is known asÂ
In case of Giffens goods, price effect is
Who introduced the concept of elasticity of demand?
From the resource allocation point of view, perfect competition is preferable becauseÂ
Elasticity of demand measures the
A rightward shift in supply curve indicates
Break-even analysis can also be termed as
Which buying behaviour involves high involvement?
Which one of these is an exception to the law of demand?