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When the quantity of goods is more, the marginal utility of the commodity is less. Thus, the consumer is not willing to pay more price for the commodity and its demand will decline. Also, when the price of the commodity is low, its demand increases. The income effect identifies the change in consumers' demand for goods and services based on their incomes.
Alcoholic (OH) group can be identified by
Taj Mahal is greatly affected due to:
Bakelite is a copolymer of Phenol and
The most abundant constituent of atmospheric air is
Ozone layer is present in
Which one of the following is an example of a gel?
Brass is made of
A powerful eye irritant present in smog is
Which mineral is the ore Of aluminium?
Wood spirit is