Indian Economy Questions

A price floor is _____.

As per the announcement by the government in August 2017, Banks importing gold and precious metals will have to pay ______ tax under the GST.

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

Which level does macroeconomics focus on?

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

____________ is the relationship between the variable input and output, keeping all other inputs are held constant.

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.