Question
Which of the following is a valid
offer?Solution
Rest of all is invitation to offer. Refer to the case of Lalman Shukla vs. Gauridutt.
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
Â
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