Question
As a result of an increase in consumer incomes, the
demand for XYZ good has decreased. Based on this information, what can we definitely say about what type of good XYZ is?Solution
Inferior goods are goods whose demand is reduced with increasing consumer income. Inferior goods are very low-priced goods and are of much lower quality related to other goods. Income growth allows the consumer to change their choices and buy substitutes of superior quality.
Find the word with the appropriate similar meaning of the word in Italic from the options given:
The CEO appreciated the manager's astute decis...
Select the most appropriate antonym of the given word.
ResilientÂ
In the following question select the answer pair that expresses a relationship most similar to that expressed in the capitalised pair.
INCONVEN...
- Choose the word that is most similar in meaning to the bold word.
I nexorable A man who has more than one wife at a time.
...Select the option that can be used as a one-word substitute for the given group of words.
One who is not concerned with right or wrong
Wily
His courageous actions saved many lives.
The aspirations (A) of the Dravidian model of development (B) and other regional-specific aspirations should synchronised (C) with the holistic (D) conc...
Divulge
