The demand of a commodity, when measured through the expenditure approach, is inelastic. A fall in its price will result in decrease in expenditure on it.
Reason : In case of...
As we move along a downward sloping straight line demand curve from left to right, price elasticity of demand goes on falling. Hence, the correct option is (b).
The ratio of total deposits that a commercial bank has to keep with Reserve Bank of India is called Cash Reserve Ratio.
Hence, the correct answer is option (c)
Demand of goods is the quantities of goods, which are bought by people at various prices, over a given period of time.
Hence, the correct option is (d).
Demand for goods is termed inelastic through the expenditure approach when if the price of the goods falls and expenditure on it falls.
Hence, the correct options is (b).