Question
Seven books P, Q, R, S, T, U are place side by side. R,
Q and T have blue covers and other books have red covers. Only S and U are new books and the rest are old. P, R and S are law reports; the rest are Gazetteers. Books of old Gazetteers with blue covers areSolution
The correct answer is D
More Commonsense Reasoning High Level Questions
The reasons for L-shaped long run average cost curve is/are
The positive cross elasticity of demand between two products means the two products
Pricing decision includes
Diamond-water paradox establishes the fact that
Shifts in demand curve as shown in the figure below represents
When price elasticity of demand is unity, the total expenditure:
In case of Giffens goods, price effect is
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
The goods whose demand is not tied with the demand for some other goods are said to haveÂ
OPEC is an example ofÂ
