Multiple Choice— Select the option that best completes the sentence or provides the answer to the question.
- A good for which demand decreases with increase in income of consumer is called
- The law of demand implies that the demand curve
- Which of the following is not correct with respect to Consumer Price Index?
- Which of the following is NOT related to Microeconomics ?
- Which of the following is measured by the Lorenz curve?
- The condition in which market supply matches market demand is called
- The statement "Supply creates its own demand" is given by
- Zero price elasticity of demand means
- The law of demand states that:
- A situation where the expenditure of the government exceeds its revenue is called ______.