Question
Holly, Brian, Fred, Tracy, and Melanie have
income elasticities for veggie burgers as given below: Person Income elasticity of demand Tracy 2 Brian 1 Fred -0.75 Holly 0.1 Melanie -1.5 Who would respond the least in their purchase of veggie burgers in response to an increase in income?Solution
Holly's demand is the most inelastic, so she would respond the least. It is the magnitude of the elasticity that matters for how much demand changes, not the sign of the elasticity.
Knesset is the name of the Parliament of
Which of the following is correct regarding Comptroller and auditor General of India (CAG)?
âYogavĂŁsisthaâ was translated into Persian by Nizamuddin Panipati during the reign of:
Which of the following statements about âRight to Constitutional Remediesâ under Article 32 of the Constitution is/are correct?
1. It provi...
In a certain code language, âFENDâ is coded as â9735â and âFEUDâ is coded as â3769â. What is the code for âUâ in the given code lang...
Which of the following statements is/are correct regarding the Industrial Employment (Standing Orders) Act, 1946?
I. The Act requires industrial ...
In 1870, who among the following formed the Puna sarvjanik sabha ?
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At the time of the First Round Table Conference, the Governor-General of India was:
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