Question
In the question given below, a passage is given followed
by three statements which may or may not be inferred from the passage. Select the correct combination of statements that can be inferred. Passage: Studies show that urban residents are more likely to adopt water-saving technologies when they receive regular feedback about their household water usage. This feedback creates awareness, which can lead to changes in behavior and a reduction in overall water consumption. Statements: 1. Feedback on water usage can encourage people to reduce their water consumption. 2. People in urban areas are generally wasteful with water unless informed otherwise. 3. Providing information can influence individual behavior.Solution
Statement 1 is directly supported. The passage says feedback can lead to a reduction in water use — so this can be inferred. Statement 2 is too strong and not supported. The passage does not claim that urban residents are generally wasteful; it only talks about behavior change with feedback. Statement 3 is a reasonable inference — since feedback is a form of information, and it leads to behavior change, this can also be inferred.
A rightward shift in supply curve indicates
When AR is constant, MR is
A high value of cross-elasticity indicates that the two commodities are
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to
Elasticity of demand is based on which of the following factors?
Pricing decision includes
Market with one buyer and one seller is called
The goods whose demand is not tied with the demand for some other goods are said to haveÂ
Which one of these is an exception to the law of demand?