Holly, Brian, Fred, Tracy, and Melanie have income elasticities for veggie burgers as given below:
Person Income elasticity of demand
Tracy 2
Brian 1
Fred -0.75
Holly 0.1
Melanie -1.5
Who would respond the least in their purchase of veggie burgers in response to an increase in income?
Holly's demand is the most inelastic, so she would respond the least. It is the magnitude of the elasticity that matters for how much demand changes, not the sign of the elasticity.
Find the appropriate word.
Which of the following are the conditions that are mentioned in the passage that would force a large number of people to migrate by 2050?
(i) ris...
Select the most appropriate option to fill in blank.
It’s _______ to be eco-friendly. Being active ______ us healthy. But is there any need to _________ the two? Throughout human history, people have __...
During the bilateral 2+2 dialogue held in April this year, the two countries agreed to ___________ the possibilities of using Indian shipyards f...
What is the tone of the passage according to you?
Find the appropriate word.
Find the appropriate word.
Choose the most appropriate word for blank 112.
Find out the appropriate words.