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.
In terms of metrology ,India was ranked _____ , in the world according to the Global Quality Infrastructure Index (GQII) 2021.
What is the primary purpose of Qualified Institutional Placement (QIP) for listed companies?
Which project aims to reduce waste at Indore Airport by processing 750 kg of daily waste?         Â
Which teams played the first-ever men’s T20 International cricket match?
Who was awarded the WPL 2024 Most Valuable Player (MVP)? Â
Pandit Bhajan Sopori has recently died. He used to play which of the following instruments?
Which programme supported domestic participation of MSMEs in the MH‑60R helicopter sustainment ecosystem?
Recently Dmitry Muratov recently won the nobel prize under which category?
Who founded the 'Naujawan Bharat Sabha' aimed at rallying the youth for India's independence?
Which of the following statements is true about the Jan Vishwas (Amendment of Provisions) Bill, 2023 recently passed in Lok Sabha?
