Question
What type of demand occurs when a small change in price
leads to a significantly larger change in quantity demanded?Solution
Relatively elastic demand occurs when a small change in price results in a significantly larger change in the quantity demanded. Consumers are highly responsive to price changes, causing demand to be relatively elastic.
Four letter-clusters have been given, out of which three are consistent with each other in some manner while one is inconsistent with them. Select the o...
Select the figure from the given options that will replace the question mark (?) in the figure given below to complete the pattern.
Â
Statements:
All irons are coppers.
All coppers are aluminiums.
Conclusions:
I. Some aluminiums are irons
II. Some...
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 performe...
Three of the following four letter-clusters are alike in a certain way and one is different. Pick the odd one out.
The position of how many letters will remain unchanged if each of the letters in the word ‘PRANKED’ is arranged in the English alphabetical order? ...
Select the option that is related to the fifth letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster and th...
Which two signs should be interchanged to make the given equation correct?
912 – 456 × 28 + 390 ÷ 2 = 444
Select the correct mirror image of the given figure when the mirror is placed at line MN as shown.
Statements:
All teas are juices.
All juices are cocktails.
Conclusions:
I. All teas are cocktails.
II. All cockta...
