Indian Economy Questions

Lorenz curve shows

The word development in economics pertains to

Which curve shows the inverse relationship between unemployment and inflation rates

When the demand for a good increases with an increase in income, such a good is called_______

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

If price of an article decreases from Rs. 25 to Rs. 20, quantity demanded increases from Q1 units to 1500 units. If point elasticity of demand is -1.25, find Q1?

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.