Question
Which of the following is/are the causes of demand
curves moving downwards to the right?Solution
When the quantity of goods is more, the marginal utility of the commodity is less. Thus, the consumer is not willing to pay more price for the commodity and its demand will decline. Also, when the price of the commodity is low, its demand increases. The income effect identifies the change in consumers' demand for goods and services based on their incomes.
Which of the following expressions will be true if the expression ‘V ≥ W < X = Y’ is definitely true?
Statements:
Q ≥ J ≤ V; U > J > X; M = U < P
Conclusions:
I. P > X
II. V ≥ M
Statements: B < W ≥ A ≥ X; N ≤ C < Q = X
Conclusions:
I. Q ≥ W
II. W > C
III. N < AÂ
Statement: D > T > G > C > M; J > C > U
Conclusion:
I. J > M
II. U < D
Which one the following symbols should replace the question mark in the given expression, in order to make the expressions M ≤ J as well as O > L ...
Statement: M<N≥O =A ≥P;P<R;N<T
Conclusions:
I. M < R
II. T > R
Statements: Q < R = S ≥ T = U; S < V; S = X
Conclusion: I. X ≥ U II. V < Q
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: H ≥ D = R > I < M > U > P ≤ N
Conclusion I: H > R
II: P < M
Statements: E ≥ F ≥ A = M, F ≥ N > W ≥ X
Conclusion:
I. E ≥ X
II. E > X
