Question
The value of elasticity of demand in perfectly
inelastic demand is?Solution
When the price elasticity of demand for a good is perfectly inelastic (Ed = 0), changes in the price do not affect the quantity demanded for the good; raising prices will always cause total revenue to increase.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
In the following question, select the missing number from the given series.
64, 72, 45, 109, –16, ?
Select the combination of letters that when sequentially placed in the blanks of the given series will logically complete the series.
A _ A _ C A...
Five dancers of a dance troupe are standing on a stage facing north. Rohit is 30 m to the right of Vikas. Somya is standing 30 m to the north of Vikas. ...
Select the option that is related to the third word in the same way as the second word is related to the first word.
Abandon: Leave ∷ Pensive:?
How many simple lines are there in the given image?
25 customers are standing in a row outside a supermarket. Rahul, a customer standing in the row, was shifted by 5 places towards the left end and 6 new...
Select the set in which the numbers are related in the same way as are the numbers of the following sets. (NOTE: Operations should be performed on the w...
A boy pointing to a man said, "He is the husband of my mother's daughter-in-law." What does that boy have to do with that man?
In a certain code language, 'GOLF' is coded as '6428' and 'OPEN' is coded as '7653'. What is the code for 'O' in the given code language?
