Question Text
Question 1 :
When a consumer consumes two goods, then he will be in equilibrium at:
Question 2 :
What is the nature of the expenditure on raw material, power and labour?
Question 3 :
What is the relationship between AR and MR under Perfect competition?
Question 6 :
The ratio between the percentage change in supply to a percentage change in price.
Question 9 :
What will be the effect on equilibrium price and equilibrium quantity , if demand increases but supply remains unchanged?
Question 13 :
When percentage change in quantity demanded is more than percentage change in its price , the demand is said to be
Question 15 :
The demand for a goods falls to 500 units in response to rise in price by ₹ 10. If the original demand was 600 units at the price of ₹ 30. What will be the elasticity of demand?