Question
Which one of these is an exception to the law of demand?
Solution
The taste and preference of the buyers are always the same. The three exceptions to the law of Demand are Giffen goods, Veblen effect, and income change.
Statement: D > A ≥ R = B ≤ M < U
Conclusions:
I. U > R
II. D ≥ M
If A = B, C ≥ D, A < D and  E > B , then which of the following conclusion is true?
Statements: H ≥ D = R > I < M > U > P ≤ N
Conclusion I: H > R
II: P < M
Statement: G ≤ L ≥ O ≥ W ≥ I < N
Conclusion: I. O > GÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â II. W < N
...Statements: X > O > D; T > M ≥ O; X > R
Conclusions:
I. T > R
II. R < DStatement: D > T > G > C > M; J > C > U
Conclusion:
I. J > M
II. U < D
Statements: I < W = T ≤ H = C ≤ Y, Y > M ≥ V
Conclusions:
I. Y ≥ W
II. H > V
III. M < T
In the question, assuming the given statements to be true, Find which of the conclusion (s) among given three conclusions is /are definitely true and ...
Statements: Q ≤ P ≤ R < S, T = M > Q > V
Conclusions: Â Â Â Â
 I. T > VÂ
II. Â V < SÂ
III. Q < TÂ
...Which of the following set of elements should be placed in the place of question marks respectively (in same order from left to right) in order to compl...
