because the govt just wants profit. they doesn't bother about their people sufferings
Price mean
When the price of an object increases.
Cross Elasticity Coefficient is defined as when the price of a particular commodity rises how is the demand of another commodity changing. If the goods are complements like say for example petrol and petrol driven cars, if there is a price hike in petrol then demand for petrol cars would fall. Hence a negative cross elasticity of coefficient. On the other hand the demand for deisel cars would rise (given the deisel prices are constant) because they serve as substitutes, and will have a positive cross elasticity.
what happens if petrolium price is hike
The changing of petrol price affects the rate of inflation. When petrol price increases, it follows that the cost of production and transportation of most goods also increase.
9 times hike in last 9 months.
Price mean
..because the Indian government is today run by the agents of big corporate houses and all they want is profit and not the future well being of the country or its people.
When the price of an object increases.
An increase in cost
I don't know who asked that question, but he must be f***ed in the brain
Cross Elasticity Coefficient is defined as when the price of a particular commodity rises how is the demand of another commodity changing. If the goods are complements like say for example petrol and petrol driven cars, if there is a price hike in petrol then demand for petrol cars would fall. Hence a negative cross elasticity of coefficient. On the other hand the demand for deisel cars would rise (given the deisel prices are constant) because they serve as substitutes, and will have a positive cross elasticity.
what happens if petrolium price is hike
nope
Yes, the noun 'hike' is a common noun; a general word for a long walk or march; a general word for an abrupt increase or rise (a price hike or a pay hike).The word 'hike' is also a verb: hike, hikes, hiking, hiked.
The changing of petrol price affects the rate of inflation. When petrol price increases, it follows that the cost of production and transportation of most goods also increase.
in the 1958 britain's petrol had didn't price than now, because many the people of Britain didnt now about petrol and their use...........