Question
A firm finds that for the product it produces, its (own)
price elasticity of demand is 4. Currently, the firm is selling 1000 units per month at Rs. 5 per unit. If it wishes to increase its sales by 10%, it mustSolution
PED = % change in qty/ % change in price 4 = 10%/% change in price % change in price = 2.5%. Since qty has increased, the price will fall by 2.5%.
Which of the following wetlands are designated as Ramsar sites in India?
(a) Chilka Lake
(b) Loktak
(c) Keoladeo
(d)...
Which countries does the Somali Current flow past in the Western Indian Ocean?
The hill range that separates the State of Manipur from the State of Nagaland is known as:
Which ocean forms the western and southern boundaries of Portugal?Â
On December 22, which location experiences the longest day and shortest night?
Which is the fifth highest mountain in the world?
Where is Lake Baikal located?
Machkund Hydroelectric Project is a joint venture of which states?
Identify the largest freshwater lake in the world:
Consider the following statements:
1. The La Nina is the “cool phase” of El Nino-Southern Oscillation (ENSO).
2. The La Nina event hap...
