Let the price of sugar was Rs. x per kg. After increase in price, new price per kg = x + (x×35/100) = 27x/20 For Rs. 27x/20 we get 1 kg of sugar. For Re. 1 we get 20/27x kg of sugar. For Rs. x we get 20/27 kg of sugar. Decrease in consumption of sugar = 1 – 20/27 = 7/27 Required ratio = 7/27 : 1 = 7:27
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
Which of the following demand functions has unitary elasticity everywhere?
If bxy = 0.20 and rxy = 0.50, then byx is equal to:
An economy’s output in year 0 is 10 percent below its maximum potential output and the maximum potential output steadily increases at the rate of 5 pe...
Endogenity is associated with which of the following ?
In a market economy
What is the reserve deposit ratio (rdr)?
Which of the following four-firm concentration ratios is most consistent with monopolistic competition?
Which of the following is not an instrument of Monetary Policy?
If the public consumes €100 billion less and the government purchases €100 billion more (other things unchanging), which of the following stat...
