Question
Two goods will be classified as ______ if the
cross-price elasticity between them is negative.Solution
The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes . Complementary goods are products which are used together like toothbrush and toothpaste. The cross elasticity of demand for complementary goods is negative i.e. as the price of one good goes up, the demand for both goods fall.
What will come in place of ‘?’ in the following equation, if ‘+’ and ‘–‘ are interchanged and ‘×’ and ‘÷’ are interchanged?
...Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE: Operations should be performed o...
In the following series, which of the options will correctly fit into the gap
ZA5, Y4B, XC6, W3D, _____
The second number in the given number pairs is obtained by performing certain mathematical operation(s) on the first number. The same operation(s) are f...
A% B means 'A is the daughter of B'
A = B means 'A is the sister of B'
A $ B means 'A is the father of B'
If X% Y = Z% W $ V, then how is Z related to V?
Select the missing term from the given number series:
1, 2, ?, 10, 17, 26 ...
Which two numbers (not digits) should be interchanged to make the given equation correct?
116 - 92 ÷ 4 + 25 × 2 - 20 = 150
Select the number from the given options to complete the series.
25, 30, 40, 55, 75, ___
Select the option that will fill in the blank and complete the given series correctly.
3, 9, 27, 81, 243, 729, ______
In a certain code language,
‘A + B’ means ‘A is the son of B’,
‘A – B’ means ‘A is the brother of B’,
‘A × B�...
