Question
In microeconomic theory, inferior goods exhibit which of
the following relationships between income and quantity demanded?Solution
Inferior goods have an inverse relationship with income. As income rises, demand for these goods falls, as consumers shift to better alternatives.
In a β10Yβ litres of mixture of milk and water, the quantity of milk is 60%. According to which of the following statements the value of βYβ wi...
A 400 ml mixture consists of 30% alcohol. Find how much alcohol must be added so that alcohol makes up 50% of the new mixture.
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A mixture contains 90% milk and rest water. A man withdrew some mixture and replaced it with same quantity of kerosene, such that the quantity of milk r...
400 litres of mixture X contains acetone and glycerine in the ratio 11:14, respectively. 100 litres of the mixture is withdrawn and labelled as mixture ...