Related Questions

Rate of change of price of common cooking salt and the quantity demanded of such can be best described by the following elasticity state of demand (no change in any possible intervening factor assumed)
A Elasticity less than sumity
B Zero elasticity
C Elasticity greater than unity
D Unit elasticity
If the wageof firm laborers increases, what is the most likely change in the supply of firm laborers (no change in any possible intervening factor assumed)
A Increase
B Decrease
C Neutral
D None of these
If the wage of firm laborers increases, what is the most likely change in the supply of firm laborers (no change in any possible intervening factor assumed)
A Increase
B Decrease
C Neutral
D None of these
Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price
A Equal to one
B Greater than one
C Small than one
D Zero
When demand for a factory's products is high, more money is spent at the factory for safety precautions and machinery maintenance than demand is low. Thus the average number of on-the-job accidents per employee each month should be bower during periods when demand is high than when demand is low and less money is available for safety precautions and machinery maintenance. Which of the following,if true about a factory when demand for its product is high casts the most serious doubt on the conclusion drawn above?
A Its employees ask for higher wages than they do at other times.
B Its management hires new workers but lacks the time to train them properly.
C Its employees are less likely to lose their jobs than they are at other times.
D Its management sponsors a monthly safety award for each division in the factory.
when demand for factory's products is high . more money is spent at the factory for safety precautions and machinery maintenance than when demand is low. thus the average number of on -the-job accidents per employee each month should be lower during perids when demand is high than when demand is low and less money is available for safety precautions and machinery maintenance .when demand for its products is high, casts the most serious doubt on the conclusion drawn above?
A Employees demand for higher wages than they do at other times.
B Authority hires new workers but lacks the time to rain them properly.
C Employees are less likely to lose their jobs than are at other times.
D Authority sponsors a monthly safety award for each division in the factory.
Unlike the many winter vegetables that have tought leaves and thus require a lengthy cooking time,"Those of csbbage need little cooking time"(Match the best alternative that correspond to the quotations word)
A Those of cabbage need little cooking time
B Cabbage needs little cooking time
C Cabbage need little cooking time
D Those of cabbage needs little cooking time
During a sale, a salesperson was putting a new price tag on each item. On one shirt, he accidentally raised the price by 15% instead of lowering the price by 15%. As a result the price on the tag was Tk. 60 higher than the price that would have been the discounted price. What was the original price of the shirt?
A Tk. 220
B Tk. 250
C Tk. 150
D Tk. 200
Identify the factor which generally keeps the price-elasticity of demand for a good high.
A Its very high price
B Its very low price
C Large number of substitutes
D None of the above
When as a result of decrease in price of good, the total expenditure made on it decreases we say that price elasticity of demand is
A Less than unity
B Unity
C Zero
D Greater than Unity

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