Question
The Law of demand states that ______________
Solution
Law of demand ·      It explains relationship between the quantity demanded of a commodity and its unit price. ·      As per it, demand varies inversely with price, other thing being equal. ·      rise in the price of a commodity or service is followed by a reduction in the quantity demanded and fall in the price is followed by extension in demand, with other conditions remaining the same.
In the following questions two columns are given containing three sentences/phrases each. In first column, sentences/phrases are A, B and C and in the ...
Match Column I and Column II and choose the correct match from the given choice
In the following questions, a sentence is given with three blanks. A table is followed by the question with three columns. You are required to complete...
In the following question, two columns are given, containing three phrases each. A phrase from the first column may or may not connect with a phrase fr...
In each of the following questions, two columns are given containing three sentences/ phrases each. A sentence or phrase from the first column may or m...
MATCH THE COLUMN
In the following question, a sentence is divided in to three parts, given in column 1, 2 and 3. Match the statements from column 1 with those in column...