Start learning 50% faster. Sign in now
If PCC (Price consumption curve) is horizontal (due to change in price of x), it means Y is not changing and only X in changing. Equation of Budget line is Px.X + Py.Y =M. In this case, total expenditure on X remains same (even if there is change in price of X) and hence price elasticity is -1 for good X.
Which trilateral exercise aims to enhance maritime security and interoperability among India, the Maldives, and Sri Lanka?
What is the primary purpose of the C-295MW transport aircraft received by the Indian Air Force from Airbus?
Who won the 2022 Adelaide International 1 tennis tournament played in Adelaide, South Australia, Australia?
Fragrance & Flavour Development Centre has been set-up in the year 1991 by Ministry of ____________.
What does the State of the Cryosphere Report 2023 warn about the impact of a 2°C global warming scenario?
In which of the following Indian currency notes the Chariot of Hampi (Karnataka) is inscribed?
Which Indian state has initiated a caste-based census, becoming the second statefter Bihar to undertake this exercise?