When was the institution of Electricity Ombudsman created?
A2002
B2003
C2004
D2005
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Which of the following statement is CORRECT about the Law of Demand with regard to subject of Economics?
- a) The law of demand is a fundamental principle of economics that states that at a higher price consumer will demand a lower quantity of a good.
- b) Demand is derived from the law of diminishing marginal utility it is based on the fact that consumers use economic goods to satisfy their most urgent needs first.
- c) The shape and magnitude of demand shifts in response to changes in price.
In which year was the first Economic Survey presented as part of the Union Budget?
Which of the following is the Average propensity to save?
In economics, the slope of the demand curve is typically?