Question
The positive cross elasticity of demand between two
products means the two productsSolution
A positive cross elasticity of demand means that the demand for good A will increase as the price of good B goes up. This means that goods A and B are good substitutes. so that if B gets more expensive, people are happy to switch to A. An example would be the price of milk.
Any security provided to the bank in exchange for a loan is known as ______.
From which city the Women's Tri-Services Motorcycle Rally was flagged off to mark the 24th Kargil Vijay Diwas?
- The Assam government and AASU have reached a consensus on how many recommendations from the Assam Accord Committee report?
What was the main feature of the logo designed by Shri Shaurya Pratap Singh for the IHRC?
Where was India’s Phenome India National Biobank inaugurated?
Consider the following statement about Mission Saksham Anganwadi and Poshan 2.0.
I. Pre-school Kit/ECCE is one of the sub-components of Saksham A...
Skateboarding, surfing and rock climbing have officially been added to the ________ Los Angeles Olympics.
The ‘INSPIRE’ program extends the existing perks, including preferential interest rates, priority banking services, and doorstep banking facilities,...
Where was India’s first cooperative multi-feed Compressed Biogas (CBG) plant inaugurated?
Who has been appointed Deputy National Security Adviser to handle internal affairs?
