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The law of demand states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. In other words, the higher the price, the lower the quantity demanded. The amount of a good that buyers purchase at a higher price is less because as the price of a good goes up, so does the opportunity cost of buying that good. The law of supply says that at higher prices, sellers will supply more of an economic good. From the seller’s perspective, the opportunity cost of each additional unit that they sell tends to be higher and higher.
Rita Mukherjee has recently died. She was related to which field?
Specialized software used to locate and retrieve information online is known as:
What is the name of the scripting language used to add animations or interactivity to a webpage?
What is the meaning of "R" in RAM ?
According to SEBI’s proposed regulations, how many investors are allowed in a private placement of SDIs before it is classified as a public issue?
Which of the following is not an example of Operating System?
How many users can open the Excel file at the same time?
What does GUI stand for with respect to a computer?
Which memory type offers the fastest access time?