Zia wants to increase total revenue at his restaurant. The price elasticity of demand for several dishes that he serves are given in the table below.
Price elasticity of demand of Malaysian dishes
Dish Price elasticity of demand
Nasi lemak 0.7
Satay 2
Rendang 1
Ulam 1.4
Pulut 100
What dish should Zia increase the price of if she wants to increase total revenue?
PED for Nasi lemak is less than 1 which means its price inelastic. If Zia raises the price of this dish, qty dd will decrease by a smaller amount than she increases the price, as a result, its total revenue increases.
Pusa Himani, Pusa Safed and Arka Nishant are the varieties of _____
Forking in carrot is observed, it occurs due to _____
Family of kesar is
Recently which of the following country emerges as the world’s largest producer and consumer of sugar and the world’s 2nd largest exporter of sugar?...
Relay Cropping is _____
Crops like coffee, coconut and arecanut comes under which branch of horticulture?
Fruit of tobacco is known as?
Pungency in radish is due to _____
In the case of pigeon pea, as the seed germinates, the shoot (plumule) elongates, and the cotyledons are lifted above the soil surface. Such type of g...
Which of the following is not a method of sugarcane planting?