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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.
Jute fibre is obtained from
The term pegging is concerned to which crop?
Family cecidomyidae belongs to order:
Which of the following agency has been engaged as Technical partner for the Mission Amrit Sarovar?
Delinting in cotton seed is required for:
What is the relationship between marginal cost (MC) and fixed cost (FC):
Among the following, which is not a breed of goat?
Given below are two statements:
Statement I: India is the largest producer and exporter of cinnamon in the world.
Statement II: True cinna...
Sucrose consists of:
Agricultural economists which are involved in price determination & market channels are known as………………….