Explanation: A more elastic curve signifies higher responsiveness, where even small changes in price result in significant shifts in the quantity consumed.
Which is not correct about New Development Bank (NDB)?
Which sector contributes the most to India's GDP?
What does 'GVA' stand for in economic contexts?
Unique Identification Authority of India (UIDAI) comes under which of the following?
What economic indicator is derived by subtracting depreciation from the Gross National Product (GNP)?
When was the Bombay Stock Exchange established?
Who has been appointed as the new Vice Chief of the Indian Air Force?
As output increases, what happens to average fixed cost?
Which of the following is not a money market instrument?
Consider the following statements about government securities and derivatives:
(I) Government Securities are risk-free gilt-edged instruments....