What causes an increase in the quantity in the supplied of good Y but not in the supply of good Y?
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According to the modern economists, the law of depreciation begins to apply from the point where
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Which of the following was privatised first?
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Which of the following is not condition of perfect competition . . . . . . . .
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Machine is example of
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When there is decrease in demand, the demand curve
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The national income of India is calculated by
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The function refers to-
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If depreciation is subtracted from the total goods and services produced within the country in a year, we will get
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An income-demand curve for a "Luxury Commodity" slopes-
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Unitary elasticity of demand refers to
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Match the following.
| List-I |
List-II |
| a. Perfectly elastic demand |
1. eD = 1 |
| b. Elastic demand |
2. eD > 1 |
| c. Inelastic demand |
3. eD = 0 |
| d. Perfectly inelastic demand |
4. eD = ∞ |
| e. Unitary elastic demand |
5. eD < 1 |
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Mixed Economy is termed as co-existence of the following:
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Cost theory is the study of total cost contains
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In the long-run, for all monopolistic firms
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The condition of long period equilibrium for a firm operating under perfect competition is-
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Which of the following statement is correct?
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Who among the following gives the final approval to the Indian five year plans?
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In the market for oranges, a rise in income with other things remaining unchanged, will lead to
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The definition of 'Wantlessness' in economics was given by
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