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RBI governor, Shaktikanta Das launched the service called UPI 123PAY on 8 March 2022, with an aim to help almost 40 crore (400 million) feature phone users in the country.
When price elasticity of demand is unity, the total expenditure:
Dynamic forces operating in the economy create various kinds of economic fluctuations which are termed as trends in the economy. Which of the following...
Movement along a demand curve as a result of change in price is known as
OPEC is an example of
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"...
The increasing returns to scale occurs. because larger scale provides greater specialization to various factors" is a statement given by
The positive cross elasticity of demand between two products means the two products
In a typical demand schedule, quantity demanded varies
The above curve is a
From the resource allocation point of view, perfect competition is preferable because
