The correct answer is D
Coefficient of elasticity of demand is negative. It means:
If a 1 percent decrease in the price of a pound of squash results in a larger percentage decrease in the quantity supplied,
What should be done in an economy to reduce the effects of recession?
Which of the following asset belongs to the flow concept?
Which of the following occupations are included under secondary sector as per the national income accounts?
1. Manufacturing
2. Constructi...
Which of the following is not a method to calculate GDP?
What is the name given to the difference between value of output and value added?
As a result of an increase in consumer incomes, the demand for XYZ good has decreased. Based on this information, what can we definitely say about what ...
Which of the following statement is correct about the situation in the economy?
Which of the following statement best describe the role of a “deflator”?