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Acquisition of easements by prescription. S. 25. Acquisition of easements by prescription.— (1) Where the access and use of light or air to and for any building have been peaceably enjoyed therewith as an easement, and as of right, without interruption, and for twenty years, and where any way or watercourse or the use of any water or any other easement (whether affirmative or negative)has been peaceably and openly enjoyed by any person claiming title thereto as an easement and as of right without interruption and for twenty years, the right to such access and use of light or air, way, watercourse, use of water, or other easement shall be absolute and indefeasible. (2) Each of the said periods of twenty years shall be taken to be a period ending within two years next before the institution of the suit wherein the claim to which such period relates is contested. (3) Where the property over which a right is claimed under sub-section (1) belongs to the Government that sub-section shall be read as if for the words “twenty years” the words “thirty years” were substituted.
Which one of these is an exception to the law of demand?
When price elasticity of demand is unity, the total expenditure:
The above curve is a
Which one of the following is not the function of a managerial economist?
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"...
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
When the economist speaks of an increase in demand, he is usually referring to a ____________________
Concept of 'Consumer's Surplus' was evolved by
Market demand for any good is a function of the
Demand analysis includes
