1. The price of one currency in terms of other currency is known as foreign exchange rate. It is the rate at which one unit of a foreign currency is exchanged for domestic currency. It indicates external value (purchasing power) of a currency in terms of other currencies. In other words, it is the pricRead more

    The price of one currency in terms of other currency is known as foreign exchange rate. It is the rate at which one unit of a foreign currency is exchanged for domestic currency. It indicates external value (purchasing power) of a currency in terms of other currencies. In other words, it is the price in domestic currency to obtain one unit of foreign currency.

    For instance – 1 US Dollar values 74 INR.

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  2. Price elasticity of supply measure the responsiveness of quantity supplied of a commodity to change in its own price. This questions answer is given in NCERT Solutions for class 9 Economics PDF book in the website.

    Price elasticity of supply measure the responsiveness of quantity supplied of a commodity to change in its own price.
    This questions answer is given in NCERT Solutions for class 9 Economics PDF book in the website.

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  3. Incorrect! Because price determination of a commodity or factor is a subject matter of microeconomics.

    Incorrect! Because price determination of a commodity or factor is a subject matter of microeconomics.

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  4. Aradhya you can locate the class wise and subject wise answers. Go to home page and there you will find filters. Or else you can visit this link : - https://www.tiwariacademy.com/ncert-solutions/class-3/maths/

    Aradhya you can locate the class wise and subject wise answers. Go to home page and there you will find filters.
    Or else you can visit this link : –

    https://www.tiwariacademy.com/ncert-solutions/class-3/maths/

    See less
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