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ATQ, Logic in the series is: 2 × 8 = 16 16 × 7 = 112 112 × 6 = 672 672 × 5 = 3360 3360 × 4 = 13440 13440 × 3 = 40320 Wrong term = 14 New series: 14 × 8 = 112 112 × 7 = 784 14, 112, 784 Hence, 2nd term of second series = 112
For normal goods, the demand curve has a/an_______ slope.
What is the likely elasticity of supply when the supply curve is a straight line, vertical to the x-axis?
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
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...
Which of the following is true for income elasticity of demand?
(1) It measures the responsiveness of quantity demanded of a good with respect...