Effect of Demand Shift

IE-IFS Supply and Demand Free JAIIB Capsule 22 views Updated
Capsule FREE
IE-IFS · Supply and Demand
If family incomes sharply rise, what happens to the equilibrium of normal goods?
Tap to flip and reveal the answer

Premium Content

This answer is available to premium members

Unlock Premium
22 views

If family incomes sharply rise, what happens to the equilibrium of normal goods?

The full answer is part of ClearShorts Premium

This capsule covers Indian Economy & Indian Financial System, Supply and Demand. Members get the complete explanation plus every other premium capsule, mock test and PDF.

See membership plans

Comments (0)

Login to post a comment.

No comments yet. Start the discussion!

Related JAIIB IE-IFS Capsules

Capsule FREE
How does the World Bank classify the Indian economy?
Lower-middle income economy based on per capita income.
Capsule FREE
What is India's global GDP ranking in terms of Purchasing Power Parity (PPP)?
India is the 3rd largest economy in the world in terms of PPP.
Capsule FREE
Who coined the term 'Hindu Rate of Growth' and what does it mean?
Prof. Raj Krishna coined it to describe the slow 3.5% annual growth rate.
Capsule FREE
What were 'Home Charges' during the British control of India?
Colonial government's official transfers of monies to the United Kingdom.
Capsule FREE
Which sector suffered the most severe contraction during the COVID-19 pandemic?
Contact-intensive services, trade, hotels, and transport sectors.
Capsule FREE
Who published the first estimates of national income in India?
Dadabhai Naoroji in his book 'Poverty and Un-British Rule in India'.
App Icon
Install ClearShorts App
Study offline, anytime