Question
Read the following sentence to find out if there is any
grammatical error in it. The error, if any, will be in one part of the sentence. The number of this part is your answer. If there is no error in the statement, then mark option (5) as your answer choice. Many customers have complained (A) / about the recent changes (B) / in the bank’s policies (C) / which have affected loan approvals (D).Solution
The sentence is correct as it is.Hence, option 5 is the correct answer.
A high value of cross-elasticity indicates that the two commodities are
Movement along a demand curve as a result of change in price is known asÂ
Which one of the following is not the function of a managerial economist?
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
Information for pricing decision involves
Under perfect competition, the long-run equilibrium of the firm is established at
The statement, "The elasticity of demand may be defined as the percentage change in quantity demanded which would result from 1 percent change in price"...
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
When price elasticity of demand is unity, the total expenditure:
Concept of 'Consumer's Surplus' was evolved by
Relevant for Exams:
