Question
“Higher the price of certain luxurious articles,
higher will be the demand” This concept is calledSolution
Veblen Goods are a class of goods that do not strictly follow the law of demand, which states that there exists an inverse relationship between the price of a good or service and the quantity demanded of that good or service. Veblen goods violate the law of demand after prices have risen above a certain level.
Who demonstrates the multiplicative process of becoming amino acids from polypeptide?
What is the WMA (Ways and Means Advances) limit for the Central Government as of 2024-25?
Which country is NOT considered startup-friendly (2024)?
Which are the two most essential rights to a democracy?
Under which act are Asset Reconstruction Companies (ARC) established, as announced by the RBI in April 2021 when it constituted a committee chaired by S...
Which Ministry implemented the National Rural Livelihood Mission (NRLM)?
The Meenakshi Temple at Madurai is an example of which type of temple?
 Consider the statement in regard ‘KAPILA’ Campaign.
1.   This is campaign for intellectual property literacy and Awareness campaign...
Which of the following is an example of man-made fibre?
‘Operation Ajay’ was launched by India to bring back its citizen from which of the following countries?
