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Let the monthly salary of A be Rs. ‘x’ Amount spent on food = Rs. 0.35x Amount spent on rent = Rs. 0.20x Amount received by brother = (x – 0.20x – 0.35x) × 0.20 = 0.09x So according to question: => 0.20x – 0.09x = 1650 => 0.11x = 1650 => x = 15000 So, the amount spent on food = 0.35 × 15000 = Rs. 5250
Which of the following should be excluded while calculating Gross national Product?
Coefficient of elasticity of demand is negative. It means:
Due to which of the following reasons increase in absolute and per capita real GNP do not connote a higher level of economic development?
“Higher the price of certain luxurious articles, higher will be the demand” This concept is called
Which one statement is correct among the given below?
Commodity service method is another name for which of the following methods?
Which of the following may lead to a shift in the demand curve?
Income effect states that as price of a good falls, demand rises since there is rise in
When a price ceiling is imposed in a market,
If two or more than two goods are used to satisfy the same want, they are called