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.
Acrimony
Too powerful to be defeated or overcome
He gifted me a gym bag
Select the correctly spelt word.
A person who believes that nothing is known or can be known of the existence or nature of God.Â
The old house was so sturdy that it could be shattered into pieces with a single blow.Â
Choose the incorrectly spelt word.
Choose the one which best expresses the meaning of the given word .
Precarious
 Fill in the blanks with the appropriate antonym of the word in Italic from the options given:
The weather was unpredictable , but the followi...
Lave
