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Consider the following statements concerning elasticity of concrete 1. Stress-strain behaviour of concrete is a straight line up to 10% of ultimate stress. 2. Strain determination is obtained from tangent modulus. 3. Modulus of elasticity, of concrete is also called as secant modulus. Which of the above statements are correct?
Match List I with List II: List I (Pricing Strategies) List II (Description) (A) Ramsay pricing (I) Setting a high price when a product is first introduced and gradually lowering price as it gains scale (B) Price skimming (II) Firm charges lower price (than the ongoing price) to gain market entry (C) Cost plus pricing (III) Price deviations from marginal cost should be inversely proportional to price elasticity of the product (D) Penetration pricing (IV) It is full cost pricing strategy that also includes mark up for target return, degree of competition, price elasticity and availability of substitutes. Choose the correct answer from the options given below:
Corn prices registered an increase of 50%. The demand, as a result of rise in prices, decreased - a case called demand elasticity. What will be the demand elasticity, if the demand fell by 10% in this case?
If ‘white’ is called ‘yellow’, ‘yellow’ is called ‘blue’, ‘blue’ is called ‘red’, ‘red’ is called ‘black’, ‘black’ is called ‘violet’, ‘violet’ is called ‘green’, ‘green’ is called ‘magenta’, and ‘magenta’ is called ‘white’ then what would be the colour if we mix yellow and magenta together?
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer:
Assertion (A): Austinian theory of law does not properly explain constitutional law, customary law and judicial precedents.
Reason (R): Constitutional law, customary law and judicial precedents do not share the same pedigree as statutory law.
Consider the following statements.
1. Methyl alcohol is also called wood spirit because in early stage it was prepared by the destructive distillation of wood.
2. Ethyl alcohol is also called grain alcohol because it is obtained by the starch enriched substance.
3. Rectified spirit is also called commercial alcohol.
Which of the statements given above are correct?
Which one of the following sets is incorrect to show the inter-relationships among price elasticity coefficient, change in price and change in total revenue ? Price elasticity coefficient Change in price Change in Total Revenue 1) Zero Increase Decrease Increase Decrease (2) Less than 1 Increase Decrease Decrease Increase (3) Equal to 1 Increase Decrease No change No change (4) More than 1 Increase Decrease Decrease Increase  
Which of the following concepts are relatable to income of members of the public while considering public welfare? 1. Sensitivity of demand 2. Elasticity of demand 3. Sensitivity of expenditure 4. Elasticity of expenditure
Income elasticity of demand is the percentage change in quantity demanded divided by the percentage change in income. Which type of goods have negative income elasticity of demand?
Statement I Point price elasticity of demand in terms of marginal and average revenues can be measured with the following formula $$\frac{{AR}}{{AR - MR}}.$$
Statement II The point price elasticity of demand is the product of the slope of the demand function and the ratio between corresponding price and quantity.