Tag: indian economy on the eve of independence
Questions Related to indian economy on the eve of independence
In the situation of market equilibrium:
The minimum assured price offered by the government to the farmers for the purchase of their output is called____________.
Supply being perfectly inelastic, what will be the effect of increase or decrease in demand on price and equilibrium quantity?
When will increase in supply bring down the price, leaving the quantity demanded unchanged?
In a situation when productivity increases owing to improvement in technology, equilibrium price tends fall.
Market price is always equal to or greater than the support price of a commodity.
In a state of increasing cost of production leading to a substantial cut in production, equilibrium price will fall.
In a situation of war when people are fearing shortage of rice, equilibrium price of rice tends to rise.
In a situation when import of inputs becomes expensive, equilibrium price of the commodity tends to rise.
According to Keynesian theory of income determination, at full employment, a fall in aggregate demand lead to a ___________.