Bissoy.com
Doctors Medicines MCQs Q&A

Related Questions

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:
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  
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?
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?
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
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.
From the following determinants of the price elasticity of demand, indicate the correct option for the determinants having a positive relationship with the degree of the price elasticity of demand.
1. Range of substitutes of the commodity
2. Extent of the different uses of the commodity
3. Portion of the income of the buyer spent on the commodity
4. Income group of buyers purchasing the commodity
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?
Arc elasticity gives a better measure of point elasticity of a curvilinear demand curve as
"Try to better your lot" Here better is___________