- Equal to one
- Greater than one
- Small than one
- Zero
1 Answers
Call
Talk Doctor Online in Bissoy App
“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the:?
Answer: Option 1 Let'
1 Answers 3 views
When cross elasticity of demand is a large positive number, one can conclude that?
Answer: Option 3 When cross elasticity of demand is a large positive number, one can conclude that the good is complement. Two goods that complement each other have a negative...
1 Answers 1 views
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...
1 Answers 1 views
When the price of a substitute of X commodity falls, the demand for X?
Answer: Option 2 When the price of a substitute of X commodity falls, the demand for X Falls.
1 Answers 1 views
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...
1 Answers 1 views
An inferior commodity is one which is consumed in smaller quantities when the income of consumer?
Answer: Option 4 An inferior commodity is one which is consumed in smaller quantities when the income of consumer Rises. In economics, an inferior good is a good whose demand...
1 Answers 1 views
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.
1 Answers 1 views
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...
1 Answers 1 views
Coefficient of discharge Cd is equal to (where Cc = Coefficient of contraction, Cv = Coefficient of velocity, and Cr = Coefficient of resistance)?
Answer: Option 1 Let'
1 Answers 2 views
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.
1 Answers 1 views