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 each of the following questions, a word has been given followed by three sentences. Identify the sentence(s) in which the word is used correctly (gr...
In each question below, a word is given followed by four sentences. Identify which of the sentences use the given word correctly in terms of both gramm...
In each of the questions below four words are highlighted in the sentences. One of these four words printed in bold may be either wrongly spelt or inap...
Binge- watch
(i) I was ill last week, so I downloaded and binge-watch ed the whole of series one of Game of Thrones in one day!
(ii)Â ...
Select the word which means the same as the group of words given.
An arrangement of events or dates in the order of their occurrence
In the question below, two sentences with one word in each highlighted in bold. From the options, choose the one that can replace the highligh...
Embrace
I. We embraced at Miami for our Caribbean cruise.
II. The monarchy was notoriously reluctant to embrace change.
III. We hop...
In each of the following questions, a word is given. Choose the option in which the word is used correctly in the context.
WORD: Discreet
A new word coined by an author.
Conviction
I. The appeal court overturned the conviction against her.
II. Houston was chosen as the site for the conviction .
III. ...
