Question
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?Solution
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.
President’s rule is under which article of the constitution ?
Which section of the Banking Regulation Act, 1949 delas with the provision of Prohibition of common Directors?
The Governor of a State is appointed by the:
According to SEBI(DP) Regulations, 2018 The governing board of every depository shall include all except
Contract for sale is for ___.
A learner’s license shall be effective for a period of?
What is the time limit for holding of a Financial Asset, to be called Short Term Capital Asset?
As per section 219 of CrPC when a person is accused of more offences than one of the same kind committed within the space of twelve months from the firs...
As per the Banking Regulation Act, 1949 the Central Government, if on a representation made by the Reserve Bank in this behalf it is satisfied that it i...
Which of the following is NOT a requirement for obtaining a patent under Indian law?
