Economics - Study Mode

[#1191] In India, Census is conducted by
Correct Answer

(C) Registrar General and Census Commissioner

[#1192] If the cross price elasticity of demand between two goods is negative, then the two goods are
Correct Answer

(C) complements

[#1193] Match the following. List-I List-II a. Joint demand 1. Tea and Coffee b. Competitive demand 2. Domestic consumers and industrial users c. Composite demand 3. Sugar and molasses d. Joint supply 4. Lipton tea and Brooke Bond tea e. Competitive supply 5. Car and Petrol
Correct Answer

(C) a-5, b-1, c-2, d-3, e-4

[#1194] A shutdown point is a point where the price is
Correct Answer

(C) Equal to average cost

[#1195] In general, the demand for necessities is relatively
Correct Answer

(A) inelastic