Question
Consider the following statements regarding the Iberian
lynx: 1. It is now classified as 'vulnerable' on the IUCN Red List. 2. The population has increased significantly since 2001. 3. The Iberian lynx is native to Eastern Europe. Which of the statements given above is/are correct?Solution
Statement 3 is incorrect because the Iberian lynx is native to southwestern Spain and Portugal, not Eastern Europe.
Give below are two statements:
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I...
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(1) MR = MC
(2) AC = MC = AR = MR
(3) MC is falling
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Tax Function: T = T0 + tY
Income...
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