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Solution: 1- this is apt. 2- not only textile industry is mentioned. 3- not only iron and steel industry is mentioned. 4- the export is not the highlight of the passage. It mainly centres around the craft of ancient India.
The goods whose demand is not tied with the demand for some other goods are said to have
Elasticity of demand is based on which of the following factors?
In a typical demand schedule, quantity demanded varies
When AR is constant, MR is
The statement, "The elasticity of demand may be defined as the percentage change in quantity demanded which would result from 1 percent change in price"...
OPEC is an example of
When price elasticity of demand is unity, the total expenditure:
Concept of 'Consumer's Surplus' was evolved by
Information for pricing decision involves
Economics of scale means
