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A : B : C = 400 : 300 : 500 = 4:3:5 Let their capitals be 4x, 3x and 5x respectively. Then, 4x = 15000 => x = 3750 C’s capital = 5x = Rs. 18750
A perfectly elastic demand curve is
Which of the following is/are constant along a demand curve?
(1) Income of the consumers
(2) Price of related goods
For normal goods, the demand curve has a/an_______ slope.
Which of the following is true as per the law of supply?
(1) There is a negative relation between quantity supplied and price
(2) The...
What is the likely elasticity of supply when the supply curve is a straight line, vertical to the x-axis?