Question
The demand function for a good is X = 5000 – 10Px
+ 15Py + 0.2Y, where in Px is the price of X, Py is the price of another good and Y is the income. Calculate the income elasticity of demand when Y = 2000, P(x) = 25 and P(y) = 40Solution
In each question below are given three statements followed by three conclusions numbered I, II and III. You have to take the two given statements to be...
Who among the following lives immediate above the vacant flat?
In the question below, three statements are given followed by the conclusions. You have to take the given statements to be true even if they seem to be...
Two statements are followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they do not conform to real-world...
Statements:
Every pilot is doctor.
34% doctors are teachers.
Few teachers are lawyers.
Conclusions:
I. Some pilots ar...
Statements :No poem is a story
All stories are novels.
All novels are articles.
Conclusions :I. All articles are stories.
II...
Statements:
Only books are staplers.
All pencils are books.
All pencils are glasses.
No glass is a jug.
Conclusion...
In the question below some statements are given followed by two conclusions I and II. You have to take the given statements to be true even if they see...
Conclusions:
I. All Writers can be Novels.
II. Some Novels are not Magazines.
Statements:
Statements: Some trucks are buses.
All buses are cars.
All cars are bikes.
Conclusions: I. Some trucks are bikes.
II....
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