Question
A firm finds that for the product it produces, its (own)
price elasticity of demand is 4. Currently, the firm is selling 1000 units per month at Rs. 5 per unit. If it wishes to increase its sales by 10%, it mustSolution
PED = % change in qty/ % change in price 4 = 10%/% change in price % change in price = 2.5%. Since qty has increased, the price will fall by 2.5%.
Which vitamin helps in improving night vision?
Which among the following are present in higher amount in hard water?
Study the following questions carefully and choose the right answer:
The main thinking part of the brain is the _______?
Which of the following signaling is involved in Paracrine signaling?
Which of the following diseases can NOT be spread through air?
When a detergent is added to pure water, its surface tension –
A car covers a distance of 200 km in 4 hours. What is its average speed ?
Which of the following is not a property of electromagnetic waves?
Up to what temperature can a mercury thermometer measure?
Who is credited with inventing the microphone?
