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If PCC (Price consumption curve) is horizontal (due to change in price of x), it means Y is not changing and only X in changing. Equation of Budget line is Px.X + Py.Y =M. In this case, total expenditure on X remains same (even if there is change in price of X) and hence price elasticity is -1 for good X.
How many letters are there in the English alphabetical order between the first letter of the second word from the left and the second letter of the firs...
Four letter-clusters have been given, out of which three are alike in some manner and one is different. Select the letter-cluster that is different.
If each of the letters in the English alphabet is assigned odd numerical value beginning A= 1, B = 3 and so on, what will be the total value of the lett...
If in the words, all the letters are arranged in English alphabetical order within the word, how many words will begin with a vowel?
In the word ‘DECISION’ all consonants are written as their preceding letter and all vowels are written as their following letters. Now all letter...
The letters which are attached with the numbers in which at least one is odd digit are arranged according to the descending orders of their numbers from...
Select the option that is related to the third letter-cluster in the same way as the second letter-cluster is related to the first letter cluster.
...Select the letter-cluster from among the given options that can replace the question mark (?) in the following series.
WUW, TSV, QQU, NOT, ?
Select the letter-cluster that can replace the question mark (?) in the following series. CXB, HUI, MRP, ROW, ?
