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%.
An instrument used to measure the height of tree, is portable and does not uses Pythagoras theorem
The Karan Swiss is a composition breed of cattle developed in India at the National Dairy Research Institute of India (NDRI) Karnal by crossing _____ an...
If recombination occurs before the chromosome replication, percentage of parental type gametes will be:
Match List-I with List-II and select the correct answer using the codes given below the lists.
According to ISSS, “fine sand” particles range in size from:
The most critical stage for irrigation in wheat is:
The ICRAF headquarter is located at
Velocity of flow of water is explained byÂ
Which of the following preservative is used for coloured juices?
What is the percentage of Nitrogen (N) in DAP?
