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Q. When an individual’s income rises, when everything else remains the same, his demand for normal goods:

Q. The first estimate of National income in India was done by:

Q. Demand varies ------------- with price.

Q. In a horizontal straight line demand curve, the price elasticity of demand is:

Q. Which of the following is true?

Q. The proportion between incremental income and incremental consumption is called:

Q. Income elasticity is positive, but less than unity in the case of:

Q. Net addition to total utility when one more unit is consumed is:

Q. Which of the following is an exception to the law of demand?

Q. In the case of diminishing returns to scale, a given proportionate increase in all factors causes