Question
When the price of a commodity decreases, and its demand
curve forms a rectangular hyperbola, what happens to the total expenditure on that commodity?Solution
This is because when the demand curve is a rectangular hyperbola, the price elasticity of demand is equal to one (unit elastic). Therefore, a decrease in price is exactly offset by an increase in quantity demanded, leaving total expenditure unchanged.
Which of the following combination is incorrect?
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Azolla can fix kg N2/halyear.Â
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Heterosis results from the masking of harmful effects of recessive alleles by their dominant alleles
