Question
Statements: Some giraffe are zebra.
All zebra are kangaroo. Conclusions: I. Some giraffe are kangaroo. II. Some zebra are giraffe In each question below are given two statements followed by two conclusions numbered I and II. You have to take the two given statements to be true even if they seem to be at variance with commonly known facts and then decide which of the given conclusions logically follows from the two given statements, disregarding commonly known facts.Solution
Some giraffe are zebra (I) + All zebra are kangaroo (A) ⇒ Some giraffe are kangaroo (I). Hence, conclusion I will follow. Some giraffe are zebra (I) ⇒ conversion ⇒ Some zebra are giraffe(I). Hence, conclusion II will follow.
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?