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Questions and Answers
What is the study of consumers' willingness to buy a certain quantity of a good at a given price?
What is the study of consumers' willingness to buy a certain quantity of a good at a given price?
What type of market is characterized by a large number of buyers and sellers with similar products?
What type of market is characterized by a large number of buyers and sellers with similar products?
Which market in India deals with short-term funds and securities?
Which market in India deals with short-term funds and securities?
What branch of economics deals with government revenue, expenditure, and debt?
What branch of economics deals with government revenue, expenditure, and debt?
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Study Notes
Microeconomics
- The study of consumers' willingness to buy a certain quantity of a good at a given price is known as Demand Theory.
Market Structure
- A market characterized by a large number of buyers and sellers with similar products is called a Perfectly Competitive Market.
Financial Markets in India
- The market in India that deals with short-term funds and securities is called the Money Market.
Branches of Economics
- The branch of economics that deals with government revenue, expenditure, and debt is called Public Finance.
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Description
Test your knowledge on Indian economics including topics like elastic of demand, forms of market, supply analysis, utility analysis, demand analysis, money market and capital market in India, Nation Income, Public Finance in India, and foreign trade of India.
