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The word "plausible" means seeming reasonable or probable; credible.
Believable is the closest in meaning.
Unlikely, illogical, and confused are either antonyms or unrelated in meaning.
Hence, the correct synonym is option 2.
For normal goods, the demand curve has a/an_______ slope.
Which of the following is true as per the law of supply?
(1) There is a negative relation between quantity supplied and price
(2) The...
Which of the following is true for income elasticity of demand?
(1) It measures the responsiveness of quantity demanded of a good with respect...
What is the likely elasticity of supply when the supply curve is a straight line, vertical to the x-axis?
A perfectly elastic demand curve is
Which of the following is/are constant along a demand curve?
(1) Income of the consumers
(2) Price of related goods