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Which of the following statement is/are correct?
1. When the percentage change in demand is greater than that of price, then demand is relatively inelastic.
2. When the demand remains unchanged at all price variation, it is perfectly inelastic.
Select the correct answer
Consider the following statements about impact of tax: 1. A tax is shifted forward to consumers if the demand is inelastic relative to supply. 2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand. Which of the statements given above is/are correct?
Consider the following statements about impact of tax : 1. A tax is shifted forward to consumers if the demand is inelastic relative to supply. 2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand. Which of the statements given above is/are correct?
The 802.5 standard implements a way for preventing collisions on the network. How are collisions prevented when using this standard?
Consider the following statements.
1. All valid arguments contain only true premises and a true conclusion.
2. Some valid arguments contain only false propositions - false premises and a true conclusion.
3. All valid arguments contain only false propositions all premises are false, conclusion is false as well.
Which of the above statements is correct?
Which of the following statement is correct regarding perfectly inelastic collision?
Consider the following sentences.
1. In an inelastic collision, only momentum is conserved.
2. In elastic collision, both momentum and kinetic energy are conserved.
3. In an inelastic collision, both momentum and kinetic energy are conserved
Which of the sentences given above are correct?
Demand for which of the following commodities will be almost perfectly inelastic?
Which of the following goods is likely to have perfectly inelastic demand?
Which of the following is not a perfectly inelastic collision?