Other things remaining constant, the market supply for a good increases if : 1. its price increases. 2. price of its factors of production decreases. 3. price of other goods decreases. Select the correct answer using the code given below :

Other things remaining unchanged, market demand for a good might increase if 1. price of its substitute increases 2. price of its complement increases 3. the good is an inferior good and income of th…

Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R). Assertion (A): Consumers can bargain below Maximum Retail Price (MRP). Reason (R): MRP is a price a selle…

Suppose there are only two normal goods in the economy, X and Y. If price of good X increases, which would be the correct statement from below?

With reference to the expenditure made by an organisation or a company, which of the following statements is/are correct? 1. Acquiring new technology is capital expenditure. 2. Debt financing is cons…

Which one of the following is not correctly matched with the standardization marks related to consumer protection?