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Give reason or Explain the following statement :
Demand for habitually used goods is inelastic.
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Give reason or Explain the following statement :
Demand for habitually used goods is inelastic.
Concept: undefined >> undefined
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Write short notes on the Proportional method of measuring the elasticity of demand.
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Fill in the blank using proper alternative given in the bracket:
Perfectly inelastic demand curve is.....................................................
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Fill in the blank using proper alternative given in the bracket:
Perfectly inelastic demand curve is.....................................................
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Fill in the blank using proper alternative given in the bracket:
......................... is the apex body of the monetary and banking system of the nation’s economy.
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State whether the following statement is True or False :
Demand for necessary goods is inelastic.
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State whether the following statement is True or False :
Demand for necessary goods is inelastic.
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Define or explain the following concept.
Unitary elastic demand.
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Give reason or explain the following.
Cash reserve ratio (CRR) affects the lending capacity of banks.
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Write a short note on factors determining elasticity of demand.
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State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement:
There are no exceptions to the law of Demand.
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State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement:
There are no exceptions to the law of Demand.
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Fill in the blank with proper alternatives given in the bracket:
Indirect demand is also known as _______ demand.
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Fill in the blank with proper alternatives given in the bracket:
Indirect demand is also known as _______ demand.
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Match the following Group ‘A’ with Group ‘B’
| Group A | Group B |
| (a) Electricity | (1) Inelastic demand |
| (b) Complementary goods | (2) Share brokers |
| (c) Pension | (3) Elastic demand |
| (d) D - mat account | (4) Composite demand |
| (e) Central Bank | 5) Transfer income |
| (6) Primary function of Commercial Banks | |
| (7) ATM facility | |
|
(8) Apex banking institution
|
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State whether the following statement is true or false.
Perfectly inelastic demand curve is parallel to ‘X’ axis.
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State whether the following statement is true or false.
Perfectly inelastic demand curve is parallel to ‘X’ axis.
Concept: undefined >> undefined
Give reason or explain the following statement:
Central Bank acts as a lender of the last resort.
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Write short answer for the following question.
Explain the Law of Demand.
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