Indian Economy Questions

Which of the following is not true regard to Goods and Services Tax (GST) ?

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

Which of the following is done at a Stock Exchange ?

This tax is entirely borne by the entity it is levied upon and cannot be passed.

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

When there is only one buyer and one seller of product, it is called _____ situation.

Open Market Operations refer to __________