Indian Economy Questions

Which among the following does not count in the development expenditure of government?

The Law of Demand is based on the concept that people _______.

__________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

If demand curve for racing cycles is D = 59600 - 6P and supply curve is S = 29600 + 4P, find the equilibrium Quantity?

The goods which people consume more, when their price rises are called _______.

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

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