Indian Economy Questions

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

In perfect competition _____.

For each perfectly competitive firm in the long run

Bilateral monopoly situation is

What was the Gross Domestic Product (GDP) for India in 2016-17 Financial Year?

_______ is issued when the court finds that a particular office holder is not doing legal duty and thereby is infringing on the right of an individual.

If demand curve for renting a car is D = 90000 -­ 23P and supply curve is S = 9000 + 7P, find the equilibrium Price?

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 __________.