In India ………

question 37

Multiple Choice

In India ………. Does not apply to all agricultural goods.

Definitions:

Price Raised

An increase in the cost of a good or service to consumers.

Perfectly Horizontal

Describes a line or curve on a graph that has a slope of zero, indicating no change.

Demand Curve

Illustrates the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.

Relatively Elastic

Describes a situation where a small change in price leads to a greater change in quantity demanded or supplied.