Percentage of tax = 20% × 5/100 = 1% So percentage of price increase by = 20% + 1% = 21% Let price of the article before be x, According to the question x × 121/100 = 1331 ⇒ x = 1331 × 100/121 ⇒ x = 1100 ∴ Price of the article before was Rs. 1100.
If the price elasticity of demand for apples is 3, then what will be the impact on total revenue if price increases?
A country is said to be in debt trap if
Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/&...
For which preferences the income offer curve and the price offer curve are equal?
An indirect utility function
If factor cost is greater than Market price, then it means that:
From the following data, find National income.