Question
In two commodity worlds if one good is
inferior then the other must beSolution
If a good is inferior, then the consumer buys more of it when their income decreases, and less when their income increases.
Let's think about the scenario given. The consumer has two goods available, and when their income decreases, they buy more of both goods. How is this possible? The consumer's budget set has shrunk, so the total value of what they buy must go down, but we're predicting that consumption of each good goes up. We therefore must conclude that it is impossible for both goods to be inferior.
I. 2x² - 7x + 3 = 0
II. 8y² - 14y + 5 = 0
I. 7p + 8q = 80
II. 9p – 5q = 57
I. 35x² - 46x – 16 = 0
II. 35y² - 116y + 96 = 0
I). p2 = 81
II). q2 - 9q + 14 = 0
I. 9/(4 )p + 7/8p = 21/12
II. 7/5p = 9/10q + 1/4
I. 9x2 + 45x + 26 = 0
II. 7y2 – 59y − 36 = 0
Solve the quadratic equations and determine the relation between x and y:
Equation 1: 4x² - 12x + 9 = 0
Equation 2: 2y² + 8y + 6 = 0
Quantity I: The cash price of a notebook is Rs. 100 but is can also be purchased on 11 monthly equal instalments of Rs. 10 each. Find rate of S.I.?
...l). p² - 26p + 153 = 0
ll). q² - 17q + 72 = 0
Solve the quadratic equations and determine the relation between x and y:
Equation 1: x² - 45x + 450 = 0
Equation 2: y² - 48y + 540 = 0�...
