Income effect states that as price of a good falls, demand rises since there is rise in
Due to fall in price, people are left with additional money (unspent which we were spending on the same commodity earlier) so effectively our income increases in real terms.
When did the LPG reform Budget was introduced in 1991?
Which of the following is an example of a non-monetary item that would not be recorded in the financial statements under the Money Measurement Concept?
Which of the following statements about the International monetary fund (IMF) is/are correct?
1. Reduce poverty around the world is one of the ...
Which of the following statements regarding “Right to education act 2009” is/are correct?
I. The RTE Act aims to pro...
Consider the following statements:
1. Only two planets Venus and Uranus revolve around the Sun from east to west i.e. clockwise.
2. While ...
Which of the following are true about Shivaji?
He was a disciple of Ramdas Samarth.
Which one of the following pairs of Zonal Railways and their Headquarters is not correctly matched?
Which one of the following elements is not naturally found in human beings?
Sum of the present ages of A, B, C and D is 60 years. After 6 years ratio of their ages is 5:4:3:2. What is C’s present age?
The co-ordination number of a metal in co-ordination compounds is the:
