Questions

The Vijaya Stambha is an imposing victory monument located within Chittor Fort in Chittorgarh, Rajasthan, India. The tower was constructed by the Mewar king, Rana Kumbha, in 1448 to commemorate his victory over the combined armies of Malwa and Gujarat led by Mahmud Khilji.

An analog computer or analogue computer is a type of computer that uses the continuously changeable aspects of physical phenomena such as electrical, mechanical, or hydraulic quantities to model the problem being solved.

Someone who has consumed a lot of alcohol were not capable of giving true consent.

World Consumer Rights Day is being observed globally on 15 March which is an awareness day for the consumers.

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.