- The good is normal
- The good is inferior
- The good is a substitute
- The good is complement
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Two beams, one of circular cross-section and the other of square cross-section, have equal areas of cross-sections. When these beams are subjected to bending,?
Answer: Option 2 Let'
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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?
Answer: Option 3 The coefficient of price-elasticity of demand is smaller than one when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall...
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When price elasticity of demand for normal goods is calculated, the value is always?
Answer: Option 2 When price elasticity of demand for normal goods is calculated, the value is always Negative. The PED is the percentage change in quantity demanded in response to...
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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?
Answer: Option 1 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 less than...
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If elasticity of demand is very low, it shows that the commodity is?
Answer: Option 4 If elasticity of demand is very low, it shows that the commodity is necessity and has little importance in total budget.
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What does price elasticity of demand measure?
Answer: Option 3 The price elasticity of demand measures the responsiveness of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to...
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Under what method of underwriting does an underwriter assign positive rating points for all negative or adverse factors (negative points for any positive or favourable factors)?
Answer: Option 3 Under Numerical rating method of underwriting does an underwriter assign positive rating points for all negative or adverse factors (negative points for any positive or favourable factors)....
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Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer : I. India has surpassed the value of tea exports this year over all the earlier years due to an increase in demand for quality tea in the European market. II. There is an increase in demand of coffee in the domestic market during the last two years.?
Answer: Option 3 The two statements discuss two separate statistical and generalised results.
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Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer : I. There is unprecedented increase in the number of young unemployed in comparison to the previous year. II. A large number of candidates submitted applications against an advertisement for the post of manager issued by a bank.?
Answer: Option 1 An increase in the number of unemployed youth is bound to draw in huge crowds for a single vacancy.
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