Question
In two commodity worlds if one good is
inferior then the other must beSolution
If a good is inferior, then the consumer buys more of it when their income decreases, and less when their income increases.
Let's think about the scenario given. The consumer has two goods available, and when their income decreases, they buy more of both goods. How is this possible? The consumer's budget set has shrunk, so the total value of what they buy must go down, but we're predicting that consumption of each good goes up. We therefore must conclude that it is impossible for both goods to be inferior.
In a certain code, VANILLA is written as XXPFNIC. How is CARPENTER written in that code?
If all the symbols are replaced by alphabet 'A' then what is the total number of vowels in the given series?
@ A H I E % J $ F E # H % I @ H < A J
Four of the following five are alike in a certain way based on the given arrangement and thus form a group. Which is the one that does not belong to tha...
Six boxes P, Q, R, S, T and U are kept one above another. The bottommost box is numbered as 1 and the topmost box is numbered as 6. P is three boxes bel...
Select the option that represents the letters that when placed from left to right in the blanks below will complete the given letter series.
E G ...
Select the option that is related to the third term in the same way as the second term is related to the first term and the sixth term is related to the...
Two statements are given below and they are labelled as Assertion (A) and Reason (R).
Assertion (A):
Graphite is used in designing of carb...
Select the option in which the numbers share the same relationship as that shared by the number in the set given below.
(440, 229, 422)Â
Which among the following words cannot be formed using the letters of the given word only once?
INTEGRAL
