Start learning 50% faster. Sign in now
For a Giffen good, as income increases, the quantity demanded actually decreases because these goods are inferior goods with a strong income effect that outweighs the substitution effect. Therefore, the Engel curve, which shows the relationship between income and the quantity demanded, is negatively sloped for a Giffen good.
Who achieved the status of the 101st unicorn in June 2022, as India became home to 103 unicorns with a total valuation of $335.80 billion?
According to the Human Development Report 2021-22, what is the rank of India among 191 countries?
Which of the following is the new alluvium deposited by floods in the Ganga Plain?
Which of the following is the largest irrigation canal in India?
What does G denotes in the GOBAR-DHAN scheme
According to Department of Foreign Affairs and Trade, by 2030, transport will have attracted how much per cent of the infrastructural investment in India?
What was the date when the Dandi March started?
The Electoral College for election of the Vice – President of India consists of which of the following members?
Which of the following is an INCORRECT match about political parties and year of formation?