Question
When the price of a commodity decreases, and its demand
curve forms a rectangular hyperbola, what happens to the total expenditure on that commodity?Solution
This is because when the demand curve is a rectangular hyperbola, the price elasticity of demand is equal to one (unit elastic). Therefore, a decrease in price is exactly offset by an increase in quantity demanded, leaving total expenditure unchanged.
Choose the word which is different from the rest
Select the option that is related to third letter cluster in the same way as the second - letter cluster is related to the first letter- cluster.
Select the related word/letters/number/ figure from the given alternatives.
81 : 102 : : 169 : ?
If 12 # 34 = 14 and 67 # 88 = 106, then 45 # 67 = ?
- Choose the pair of words which expresses the same relationship as
6 : 37 In the following questions, select the related alternative letters from the given:
SALT : TZOS : : LQPF : ?
In the following question, select the related word from the given alternatives.
QC : VX : : KU : ?
Given set: Â [20, 82, 31]
- Select the option that is related to fifth term in the same way as the second term is related to the first term and the fourth term is related to the third...
Select the option that is related to the sixth letter-cluster in the same way as the first letter-cluster is related to the second letter cluster and th...
