Question
The cross elasticity of demand between two products is
infinite, in case of:Solution
In perfect competition, the cross elasticity of demand for two products is infinite.
Statements: U = G ≥ T, M < J < H = T, M = A > L
Conclusions:
I. U > M
II. G ≥ A
III. L < T
In the question, assuming the given statements to be true, find which of the following conclusion(s) among the three conclusions is/are definitely tru...
Statements: A % I, I * Q, Q % R, R $ M
Conclusions :
I. M # I
II. M # Q
III. I # R
IV. Q % A
Statements: A = C > G > H = B > O; E < P = R > B
Conclusions:
I). E > H
II). H ≤ E
...Statement: P = Q ≥ S ≥ T < O < Z ≥ X; T > H
Conclusion:
I. H ≥ X
II. P > H
...Statement: X > W = P; X > G > F; X < O
Conclusion: I. F < W II. P ≤ F
- Statements: F > G ≥ H = I < J = K ≤ L ≤ M = N
Conclusions:
I. M > J
II. G ≥ N
III. J = M Statements: M = R ≥ S , N = O > Q, Q > W = A < S
Conclusions :
I. N ≥ S
II. W > R
III. O ≤ S
In which of the following expressions will the expression ‘D < F’ does not hold true?
Statements: E > O, S < Z, O ≤ S
Conclusions:
I. E < S
II. O < Z
