Bissoy.com
Doctors Medicines MCQs Q&A

If the demand for a good is price elastic, a fall in its price will lead to:
(i) A rise in sales
(ii) A fall in sales
(iii) A rise in total expenditure on the good
(iv) A fall in total expenditure on the good

If the demand for a good is price elastic, a fall in its price will lead to:
(i) A rise in sales
(ii) A fall in sales
(iii) A rise in total expenditure on the good
(iv) A fall in total expenditure on the good Correct Answer (i) and (iii) only

Related Questions

The pie chart given below shows the expenditure of a family on six different articles A, B, C, D, E and F in a month. Total expenditure on all these six articles is Rs. 42000. Expenditure on a particular article is shown as a percent of total expenditure on all these six articles. Which of the following statement(s) is/are correct? I. Expenditure on article C is Rs. 5560 more than the expenditure on article A. Il. Ratio of expenditure on article A to the expenditure on article D is 5: 4 respectively.
Good 'Y' is the substitute for good 'X' if
1. A fall in the price of good X leads to the fall in the marginal utility of good Y.
2. A fall in the price of good X leads to the fall in the quantity purchased of good Y. Select the correct answer
A cam should be designed only using uniform rise and fall within half of the cam, the remaining is dwell period, and without any dwell period in between the rise -fall periods and rise and fall periods should be same. The maximum rise in follower is 30 mm. How much the follower will rise when the follower is 120 degrees from its initial position of a cam?
A cam should be designed only using uniform rise and fall within half of the cam, the remaining is dwell period, and without any dwell period in between the rise-fall periods and rise and fall periods should be same. The maximum rise in follower is 45 mm. How much the follower will rise when the follower is 45 degrees from its initial position of a cam?
A cam should be designed only using uniform rise and fall within the second half of cam profile, the first half is dwell period, without any dwell period in between the rise and fall periods and rise and fall periods should be same. The maximum rise in follower is 45 mm. How much the follower will rise when the follower is 120 degrees from its initial position of a cam?
A cam should be designed only using uniform rise and fall within the second half of cam profile, the first half is dwell period, without any dwell period in between the rise and fall periods and rise and fall periods should be same. The maximum rise in follower is 55 mm. How much the follower will rise when the follower is 240 degrees from its initial position of a cam?
A cam should be designed only using uniform rise and fall within first half of cam profile, the remaining is dwell period, and without any dwell period in between the rise-fall periods and rise and fall periods should be same. The maximum rise in follower is 35 mm. How much the follower will rise when the follower is 240 degrees from its initial position of a cam?
Consider the following statements and choose the correct answer:
1. A direct proportionality exists between vapour pressure and the concentration of water vapour in the atmosphere
2. Relative humidity is an expression of the ratio of the actual vapour pressure of the atmosphere when saturated at the same temperature
3. A rise or fall in temperature with no change in vapour pressure will cause a drop or rise, respectively, in relative humidity
4. A rise or fall in vapour pressure with no change in temperature will be accompanied by a rise or fall, respectively, in relative humidity
If the selling price of a refrigerator is 26% more than its cost price and the discount offered on its marked price is 4%, then which of the following is correct? I. The ratio of its selling price to the cost price is 63 ∶ 50 II. The ratio of its cost price to the marked price is 7 ∶ 4 III. The ratio of its marked price to the cost price is 21 ∶ 16
If the selling price of a wardrobe is 54% more than its cost price and the discount offered on its marked price is 1%, then which of the following is correct? I. The ratio of its cost price to the marked price is 3 ∶ 7 II. The ratio of its cost price to the selling price is 50 ∶ 77 III. The ratio of its marked price to the cost price is 14 ∶ 9