Question
Which of the following statements is/are correct about
Panchayat Samiti? 1. The strength of a Panchayat Samiti depends on the population in a samiti area. 2. All the Sarpanchs of Gram Panchayats are not members of Panchayat Samitis at the same time. 3. The Samiti is equipped with the administrative machinery called the Chief Executive Officer.Solution
The correct answer is A
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?