MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Relationship between the Short Run Average and Marginal Cost Curves

Engel's law a...

Question

Engel's law applies to Income elasticity of demand for Food items

A

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is B True

Suggest Corrections

thumbs-up

0

Similar questions

Q.
Engels law applies to Income elasticity of demand for Necessary goods

Q. Income elasticity of demand for inferior goods is____ .

Q. Income elasticity of demand for inferior goods is negative.

52. Consider the following-

i) Inter-linkage of demand of food and other sectors

ii) Interdependence of forces of labour supply and food demand

iii) Income elasticity of demand for food

Which of the above, in addition to employment-output elasticity, according to the passage, creates indirect employment?

Q. Consider the following-
1. Inter-linkage of demand of food and other sectors
2. Interdependence of forces of labor supply and food demand
3. Income elasticity of demand for food

Which of the above, in addition to employment-output elasticity, according to the passage, creates indirect employment?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Cost Curve

ECONOMICS

Watch in App

explore_more_icon

Explore more

Relationship between the Short Run Average and Marginal Cost Curves

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon