Question
Goods whose demand increases as their price rises are
known as?Solution
Veblen goods are luxury items for which demand increases as their price rises, as higher prices increase their perceived value or status.
The average of 8 numbers is 22. When two new numbers 'p' and 'q' are added, the average increases by 3. If p - q = 10, find the value of q.
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Komal bought 20 kg rice for Rs 30 per kg, b kg rice for Rs 35 per kg and (b + 4) kg rice for Rs 25 per kg. She mixed all type of rice together and the a...
The average of 7 consecutive numbers is 20. The largest of these numbers is
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The average of 75 percent of x and 48 percent of y is 90. What will be the average of 125 percent of x and 80 percent of y?
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The average of 24 numbers is 42. The average of first 13 numbers is 45 and that of the last 13 numbers is 39. If 12th number and 13th numbers are exclu...
Average of 8 numbers is 25. If average of first four and last two numbers is 15 and 40, respectively then find the fifth number given that ratio of fift...
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