Question
In a model with two goods, x & y, with x plotted on the
horizontal axis, the price consumption curve generated by changing the price of x is parallel to the x – axis. This implies thatSolution
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.
Which atmospheric layer contains ozone layer?
This relationship between the angles of incidence and refraction and the indices of refraction of the two media is known as ________.
Adhesive force is the force of
The energy possessed by a body due to its position or shape is known as:
Which physical property causes raindrops to form spherical shapes?
The time period of a second’s pendulum is –
Water gets cooled, when ice is immersed in it. It is because of the phenomenon of
What is the cause of hypermetropia?
A ray of light from the object parallel to principal axis of a concave lens, after refraction appears to diverge from which point on the same side of th...
Which of the following wind is also known as “ICE HEATER?”
