Question
Statements: S > V = T, U < X < T, W > U
Conclusions: I. W > T II. V > U III. S > X In the following question the relationship between different elements is given in the statements followed by three conclusions I, II and III. Read the statements carefully and mark your answer accordingly.Solution
T > X > U < WÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â No relationship can be established between W and T. Hence conclusion I is not true. V = T > X > U < WÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â V > U. Hence conclusion II is true. S > V = T > XÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â S > X. Hence conclusion III is true.
In a typical demand schedule, quantity demanded varies
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OPEC is an example ofÂ
Elasticity of demand is based on which of the following factors?
A firm maximizes its profit when
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to
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A table indicating various levels of demand at various prices is termed as
The positive cross elasticity of demand between two products means the two products
Shifts in demand curve as shown in the figure below represents
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