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42nd Amendment Act,1976: The most comprehensive amendment made so far to the Constitution; it is known as 'Mini- Constitution'. It gave effect to the recommendations of the Swaran Singh Committee.
Which of the following is true as per the law of supply?
(1) There is a negative relation between quantity supplied and price
(2) The...
A perfectly elastic demand curve is
What is the likely elasticity of supply when the supply curve is a straight line, vertical to the x-axis?
For normal goods, the demand curve has a/an_______ slope.
Which of the following is true for income elasticity of demand?
(1) It measures the responsiveness of quantity demanded of a good with respect...
Which of the following is/are constant along a demand curve?
(1) Income of the consumers
(2) Price of related goods
