Questions

Income easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity  of demand for farm products is thus low.

The Indian Slavery Act, also called as Act 5th of 1843, was an act passed in British India under East India Company rule, which outlawed many economic transactions associated with slavery.

The area of the four states approximately, are as follows : Madhya pradesh 443000 sq km; Rajasthan 342000 sq km; Uttar pradesh 294000 sq km.