Question
Match the following types of demand with their correct
descriptions: 1. Market Demand 2. Autonomous Demand 3. Individual Demand Schedule A. When the demand for a good is not linked with the demand of other goods. B. Quantity that a consumer is willing to buy at all possible prices in a given market at a given time. C. Sum of demand of all consumers in a market for a given commodity at a specific point of time.Solution
Market Demand is the sum of demand of all consumers in a market (C), Autonomous Demand is when the demand for a good is not linked with the demand of other goods (A), and Individual Demand Schedule is the quantity that a consumer is willing to buy at all possible prices (B).
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is/are definitely true and th...
Statements: V ≤ R ≥ Q; R ≤ N < Y; I > Y ≤ S
Conclusions:
I. V ≤ S
II. I > Q
III. S > N
Statements: A = B ≥ C > D, F > G = H ≥ J, D ≥ E ≥ I > F
Conclusions:
I. D ≥ H
II. I > J
III. G < A
Statements: I > J = K ≥ M; D ≥ F ≤ E = I
Conclusions:
I. M < E
II. D ≥ MStatements:
A = B ≤ Y < Z; P ≤ I < A; M ≤ Y < N
Conclusions:
I). Â M < Z
II). Â P < Y
III). Â N > A
...Statements: R ≥ J > V= A > S ≤ P > G < H
Conclusions: I. R > PÂ Â Â II. H < J
Statements: P < Q ≤ R ≤ S; P > T = V ≥ X; S ≤ W = Y < U
Conclusions:
I. U > R
II. W > X
III. Q < Y
Statements: O > Q < R > P = U ≥ S > T ≥ N
Conclusion
I: S < R
II: U > N
Statements: B > A = D ≥ C = I ≥ H > E > F > G
Conclusions:
I. C ≥ E
II. E > C
III. A ≥ DA statement is given, followed by two conclusions I and II. Decide which of the given conclusions is/are true based on the statement. Â
Statemen...
