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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.
Identify the segment in the sentence, which contains the grammatical error.
The files you were look for are placed on the table.
Despite incessant rains, she is the only one who plan to attend the meeting at the ministry.
The decision to cut the prices were taken after a fortnightly review meeting of the oil companies.
Identify the segment in the sentence, which contains the grammatical error.
Each student will have to carry his own lunch on the picnic.
With the intervening period having provided a wealth of data points and policy developments, including the momentous roll-out of the Goods and Servic...
If you pick up (A)/a starving dog (B)/and made him prosperous, (C)/he will not bite you (D).
A sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark it as your answer. Mark (E) if the sent...
It is not difficult to sense country’s displeasure, even granting its rough diplomat disposition.
Owing to the disturbing noise,( A)/ the speaker was forced (B)/ to adjourn the meetings.(C)/ No error (D)
1. Much of these organisms serve as food sources for bigger organisms, like fish.
2. Marine phytoplankton also fixes about half the carbon diox...
