“Higher the price of certain luxurious articles, higher will be the demand” This concept is called
Veblen Goods are a class of goods that do not strictly follow the law of demand, which states that there exists an inverse relationship between the price of a good or service and the quantity demanded of that good or service. Veblen goods violate the law of demand after prices have risen above a certain level.
Conclusions:
I. Some Rats are Cats.
II. Few Cows are Dogs.
Statements:No town is a city.
All cities are islands.
Conclusions:I. No island is a town.
II. All islands are cities.
Statements:
All TVs are laptop.
Some laptops are computers.
All computers are keyboards.
Conclusions:
I. Some T...
Statements:Some combs are boxes.
All boxes are mirrors.
Conclusions:I. Some boxes are combs.
II. Some mirrors are combs.
Some mobiles may not be papers. Some dusters are not calculators
Statements:
Some cars are scooters.
All scooters are bikes.
Conclusions:
I. Some cars are bikes.
II. Some scoo...
Statement:
Some Doctor are Nurse.
Only a few Nurse are Patient.
All Cleaner are Patient.
None of the Nurse are Accountant....
Statement: All fruits are vegetables
Some vegetables are potatoes
...
Statements: Some cow are bull.
All bull are sheep.
Conclusions: I. All bull are cow.
...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varian...
