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Question 1
Demand for electricity power is elastic because
Question 2
The income elasticity of demand being greater than one, the commodity must be
Question 3
According to the Keynesian theory of income determination, at full employment a fall in aggregate demand causes:
Question 4
Sea water, Fresh air etc are regarded in economics as
Question 5
Engel’s law states that the relationship between
Question 6
An exceptional demand curve is one that moves
Question 7
A ‘want’ becomes a demand only when it is backed by the
Question 8
Which one of the following pairs of goods is an example for joint supply?
Question 9
When there is no change in demand, with large change in price then such type of demand are called
Question 10
Elasticity expressed by formula 1>e>0 is __________.
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Apr 1SSC & Railway