Question
Income effect states that as price of a good falls,
demand rises since there is rise inSolution
Due to fall in price, people are left with additional money (unspent which we were spending on the same commodity earlier) so effectively our income increases in real terms.
P alone can finish a piece of work ‘M’ in 6 days while Q takes 3 days to finish it alone. P, Q and R working together can finish the work ‘N’ wh...
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P, Q & R can finish a work in 10 days, 15 days, and 20 days, respectively, working alone. P and Q work on the first day, P and R work on the second day,...
A, B and C can complete a work in 10, 20 and 15 days respectively. A left the work 3 days before the work was completed and B left 1 days after A had le...
‘A’ and ‘B’ can do a piece of work in 30 days and 40 days, respectively. They started working together but ‘A’ left after 9 days. Find the t...
