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

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.

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.

Assume that the price of product Y decreases by 5% and the quantity supplied decreases by 2%. The coefficient of price elasticity of supply for product Y is:

A

Negative and therefore Y is an inferior product.

B

Less than one and therefore supply is-inelastic

C

More than-one and therefore supply is elastic,

D

Negative & supply curve is download slopping.

A man's expenditure on food is 3/5 of his expenditure on clothes; find the ratio between his expenditure on food and cloth.

A

2 : 5

B

3 : 5

C

2 : 3

D

5 : 3

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

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

Price discrimination will be profitable only if the elasticity of demand in different markets into which the total market has been divided is

A

Uniform

B

Different

C

Less

D

Zero

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

The correct relation between theoretical oxygen demand (TOD), Biochemical oxygen demand (BOD) and Chemical oxygen demand (COD) is given by

A

TOD > BOD > COD

B

TOD > COD > BOD

C

BOD > COD > TOD

D

COD > BOD > TOD

Point out which part is grammatically incorrect. 'Good people will make good laws ' 'but good' 'laws passed by a few' 'does not necessarily make' 'a good society' 'No error'

A

good people will make good laws

B

laws passed by a few

C

do not necessarily make

D

a good society

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

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