What is the elasticity of income in the case of Giffen goods?
Giffen goods are rare forms of inferior goods that have no cheaper close substitute or alternative such as bread, rice, and potatoes. The only difference from traditional inferior goods is that demand increases even when their price rises, regardless of a consumer's income.
Which of the following combinations of person is not a married couple?
G is the daughter of H. F is the only daughter of N but N is not the father of F. I is the son of P and brother of F. How is P related to F if H is the ...
How is M related to O?
How is E related to the wife of J?
I is the mother-in-law of J who is the sister-in-law of H. G is the father of H who is the only brother of K. G is married to I. How is I related to K?
How is B related to A?
If “ B @ C $ D % L # H ”, then How B’s only son in law is related to H?
E is the only child of F and R is granddaughter of G, who is husband of F. I is father of U and son-in-law of F. How is E related to U?
Answer the questions based on the information given below.
‘L@M’ means ‘L is the father of M’.
‘L&M’ means ‘L is the sist...
How is L related to N?
