Questions

If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?

Calculate a country's GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.

Economics assumes that

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

How many union territories does India have as of June 2017?

Acacia arabica is the scientific name of

Which of the following scientists gave the law that governs the force of attraction/repulsion between two charged particles?

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.