Which of the following should always be balanced in the foreign trade of India?

 

 

Find arc elasticity of demand, if quantity demanded falls from 4600 to 4200 when price of the item is increased from Rs 960 to Rs 1000?

In economic equilibrium _____

If for the year a country's GDP was $990 million, consumer spending was $630 million, investment by businesses was $110 million, exports were $55 million and imports were $45 million, calculate government spending?

The market structure called monopoly exists where there is exactly ______ seller in any market.

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

Match the characteristics with their market structure:

(a) Differentiated products, but close substitutes for consumers so their demand curves are elastic
(b) Homogeneous product, all goods are perfect substitutes for consumers

If price of an article decreases from Rs P1 to Rs 75, quantity demanded increases from 1000 units to 1200 units. If point elasticity of demand is ­3.2 findmP1?

__________________ is a good whose quantity demanded decreases when consumer income rises.