Question
When price elasticity of demand is unity, the total
expenditure:Solution
In simple terms, if a commodity has unitary elastic demand, then no matter if the price increases or decreases, the total expenditure made on it remains unchanged. In the above example, the price elasticity of demand is equal to one because the total expenditure remains the same no matter if the price falls or rises.
In the given question, three conclusions are given and five statements as 1), 2), 3), 4) and 5). You need to choose the option that contains the set of...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statement:
Some divide are plus.
Only a few plus are minus.
All multiply are minus.
 None plus is square.    ...
Statements:
100% King are Queen
Some Army are Queen
No Queen are Soldier
Conclusions:
I. Some Soldier are Army
II. At least Some King are Army
Statements: All Bikes are Cars.
Some Cars are scooty.
Conclusions:I. Some Bikes are scooty.
II. Some Cars are Bikes.
III....
Statements: Some bricks are hotels.
All bananas are bricks.
No apple is a brick.
Some copies are bricks.
Conclusions: I...
Statements:
All hole are whole.
Each whole is lot.
Some hole are combo.
No whole is pack.
Conclusions:
I. Some...
Statements:
All Paint is Bucket
All Bucket is Plastic
No Plastic is Harmful
Conclusions:
I. Some Paint can be P...
In the questions given below there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statements:
Only a few blazers are red
Some red are black
No black are tie
Conclusions:
I. Some black are not red...
