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A positive cross elasticity of demand means that the demand for good A will increase as the price of good B goes up. This means that goods A and B are good substitutes. so that if B gets more expensive, people are happy to switch to A. An example would be the price of milk.
In 2023, Indian farmers were implicitly taxed a significant amount through export restrictions and price policies. What was this estimated tax amount?
Which organization approved Zurich Insurance's acquisition of a 70% stake in Kotak General?
Which state has built 650,000 rural homes in the last decade as per the PMAYGrameen scheme update?
What is India’s projected share in global consumption at purchasing power parity (PPP) by 2050?
What was the theme of the UNAIDS report released in 2024?
Dhap dance, a classical folk dance, is performed by which tribal community?
According to the latest data released by the Reserve Bank of India, the gross foreign direct investment (FDI) flows witnessed a decline of nearly 16 per...
Which Australian fintech company acquired Tata Communications Payment Solutions Ltd (TCPSL)?
