Question
In each of the questions below are given three
statements followed by two conclusions numbered I and II. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of given conclusions logically follows from the given statements disregarding commonly known facts. Statements: Some temples are not schools. All hospitals are banks. No school is a hospital. Conclusions : I. Some hospitals are not temples. II. Some temples are hospitals.Solution
Some temples are not schools (O) + No school is a hospital (E) ⇒ No conclusion. Hence, conclusion I & II does not follow but they will make a complementary pair.
The positive cross elasticity of demand between two products means the two products
Movement along a demand curve as a result of change in price is known as
Under price discrimination, price will be higher in the market where demand is
A high value of cross-elasticity indicates that the two commodities are
Demand analysis includes
Under perfect competition, the long-run equilibrium of the firm is established at
Market demand for any good is a function of the
A table indicating various levels of demand at various prices is termed as
OPEC is an example of
Which of the following is/are the causes of demand curves moving downwards to the right?