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Consider the demand curve depicted in the following diagram-
Economics mcq question image
The elasticities of demand at prices P1 and P2 are different because, at these prices

Consider the demand curve depicted in the following diagram-
Economics mcq question image
The elasticities of demand at prices P1 and P2 are different because, at these prices Correct Answer price-quantity ratios are different

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A statement is given below in the question followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Hindustan Unilever and Nestlé plan to selectively increase prices of their products to take into account higher crude oil and petrol costs, the rupee’s depreciation against the dollar and more expensive commodities such as wheat. If crude remains where it is and if the rupee has depreciated, of course, there are headwinds as far as costs are concerned. I. Nestlé India’s logistics providers are looking to renegotiate rates after record-high petrol and diesel prices. Nestlé declined to comment on when and by how much prices would increase.  II. Nestlé commented that HUL had dropped prices in November after the Goods & Services Tax was introduced last year and an increase in prices now would likely not hurt consumers.  III. Petrol prices have crossed Rs 90 a litre in Mumbai on increasing global prices of crude oil, of which India is a net importer, further impacted by the falling rupee. Crude derivatives, which are key inputs for FMCG companies, and petroleum derivatives used in packaging material including bottles and tubes, have also become more expensive.
What is depicted in the given polarization curve?
Electrometallurgy and Corrosion mcq question image
The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form acoherent paragraph.
P- The magnitude of the interdependence depends on the technique of production causing the shifts in the food supply curve.
Q- Interdependence of food and labour market is important for the development process.
R- Similarly, an upward shift in the food supply curve shifts up the food demand curve.
S- An upward shift in the food supply curve would simultaneously result in an upward shift in the labour demand curve.
Below are depicted the three different positions of a dice. Find the number of dots on the face opposite to the face with one dot.
Cubes and Dice mcq question image
In each question below is given a statement numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: The fall in the value of Indian rupee to almost 69 against the US dollar has raised input cost for handset makers that import most of the components from China or elsewhere. But most brands are wary of increasing prices due to the fear of losing share in an intensely competitive market. Market insiders said an immediate increase in prices of existing models may be unlikely due to intense competition, but some brands may decide to factor in the rising costs in prices of upcoming models.  Assumptions: I. On the positive, such currency fluctuations could lead to a further push for Make in India.  II. There is a varying impact on different sections of the industry. Sections operating on very thin margins are deeply concerned with the rupee depreciating by nearly 4-5%. III. If the rupee value keeps on increasing vis-a-vis the dollar in the coming days, companies will be forced to take the unavoidable step of raising their prices and passing the burden on to the consumer.
Which protection method is depicted in then given figure?
Electrometallurgy and Corrosion mcq question image
The MC curve reaches its minimum point before the AVC curve and the AC curve. In addition the MC curve intersects the AVC curve and the AC curve at their lowest point. The above statements are both true
Statements followed by some conclusions are given below. Statements: 1. Demand and supply determine the prices of goods and services. 2. When there are too many buyers, prices are pushed up and too many sellers push down prices. Conclusions: I. Buyers and sellers determine the prices. II. Price discovery is market driven. Find which of the given conclusions logically follows from the given statements. A. Only conclusion I follows B. Only conclusion II follows C. Both I and II follow D. Neither I nor II follows
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Cubes and Dice mcq question image
Consider the following statements:
I. Figures 2 and 3 are sufficient to know as to which face is opposite to the face numbered 6.
II. Figures 2 and 3 are sufficient to know as to which face is opposite to the face numbered 4.
III. Figures 1 and 4 are sufficient to know as to which face is opposite to the face numbered 3.
Which of the statements given above are correct?
Shifts in demand curve as shown in the figure below represents
Economics mcq question image