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As Per Section 4(2)of the 1993 Act,registration Is Not Required

question 45

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As per Section 4(2) of the 1993 Act,registration is not required for:


Definitions:

Demand Increases

A situation in which the desire and willingness to purchase a good or service rises, often due to factors like income growth or preference changes.

Substitute Good

A good that can replace another to satisfy similar needs or desires, often influenced by changes in prices and consumer preferences.

Downsloping Demand

A situation where the demand for a good decreases as the price increases, following the typical law of demand.

Upsloping Supply

A supply curve that increases from left to right, indicating a direct relationship between price and quantity supplied.

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