I.CHOOSE THE CORRECT ANSWER: 1. Equilibrium price equalizes demand and supply. 2. Supply is constant in very short period. II.WRITE A SHORT NOTE: 1. Equilibrium price. There is only one price at which the preferences of seller and buyer meet…
Continue ReadingI.CHOOSE THE CORRECT ANSWER: 1. Tamilnadu newsprint paper limited (TNPL) is public sector industry in Tamilnadu. 2.The by-product Bagasse is used as a raw material for paper industry. 3.SPIC is the largest producer of fertilizers in India. 4.Cottage industry is…
Continue ReadingI. CHOOSE THE CORRECT ANSWER: 1. There exists an indirect relationship between price and demand 2. Law of demand is only applicable to very low priced goods 3. One of the determinants of demand is taste and preference. II. WRITE…
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