Question
In a model with two goods, x & y, with x plotted on the
horizontal axis, the price consumption curve generated by changing the price of x is parallel to the x – axis. This implies thatSolution
If PCC (Price consumption curve) is horizontal (due to change in price of x), it means Y is not changing and only X in changing. Equation of Budget line is Px.X + Py.Y =M. In this case, total expenditure on X remains same (even if there is change in price of X) and hence price elasticity is -1 for good X.
How many such pairs of letter are there in the word POPULAR, each of which has as many letters between them in the word as in the English alphabet?
If a four-letter meaningful English word is formed by the 2nd letter, the 5th letter, 8th letter and the 11th letter of the word ‘APPROXIMATE’, when...
If one is added to all digits in the number '58413276', then how many pairs of digits are there in the new number, which has as many digits between them...
In the word ‘ASCENDING’ all consonants are written as their preceding letter and all vowels are written as their following letters. Now all letters ...
Read the given statements and conclusion carefully. Assuming the information given in the statement is true, even if it appears to be at variance with ...
If the consonants of the following words are arranged first, followed by the vowels as per the English alphabetical order and then the consonants are ch...
If all the digits of the number '56342893' are written in descending order from left to right, then the position of how many digits remains unchanged?
When all the digits of the number ‘496878379683’ are arranged in increasing order from the left end, then what is the number obtained when third dig...
The positions of how many alphabets will remain the same if each of the alphabets in the word DOCUMENT is rearranged in the alphabetical order from left...
- In the number '4765434632', 2 is added to all the even digits and 1 is subtracted from all the odd digits. The digits are then arranged in decreasing order...
