Question
The positive cross elasticity of demand between two
products means the two productsSolution
A positive cross elasticity of demand means that the demand for good A will increase as the price of good B goes up. This means that goods A and B are good substitutes. so that if B gets more expensive, people are happy to switch to A. An example would be the price of milk.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
In a certain code language, ‘GOLF’ is coded as ‘1286’ and ‘WOLF’ is coded as ‘6428’. What is the code for ‘W’ in that language?
Six lectures A1, A2, A3, A4, A5 and A6 are to be organized in a span of seven days from Sunday to Saturday. Only one lecture on each day in accordance w...
Choose the next number in the series.
20, 43, 66, 89, 112, ?
Which two signs should be interchanged to make the given equation correct?
12 ÷ 2 × 6 + 4 – 2 = 13
Nine Persons – C, D, B, A, J, F, G, H and K – are sitting in a straight line facing north, but not necessarily in the same order. G sits second to t...
If HOARDING is coded as NGQZHCFM, then how would TREATISE be coded?
Six letters P, Q, R, S, T and U are written on different faces of a dice. Two positions of this dice are shown in the figure below. Find the letter on t...
If 21st February 2005 was a Sunday, then what would be the day of the week on 21st February 2007?
