The four factors that affect price elasticity of demand are (1) availability of substitutes, (2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and (4) how much time has elapsed since the time the price changed. If income elasticity is positive, the good is normal.
Statements:
Some banks are lockers.
Some lockers are stores.
Some stores are panels.
Conclusions:
I. No ban...
Statements: Some racks are tables.
Some tables are chairs.
No chair is a book.
Conclusions: I. Some racks are chairs.
...Statements:Some mugs are soaps.
Some soaps are taps.
Conclusions:I. Some taps are mugs.
II. No mugs is tap.
Statements:
Only Market are Share.
Some Markets are Stocks.
Only a few Fund is Stock.
Conclusions:
I. At least ...
In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if t...
Statements:
All Flowers are Roses
No Root is Stem
All Root are Roses
Conclusions:
I. All Stem are Flower
II. No Stem is Flower
Three statements are given, followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at varian...
Statements:
Some summers are winters.
Some seasons are autumns.
No winter is a season.
Conclusions:
I. Some summers a...
Statement:
Some pens are erasers.
Only a few erasers are sharpeners.
All sharpeners are copies.
Conclusion:
I. Some p...
Statements:
All hole are whole.
Each whole is lot.
Some hole are combo.
No whole is pack.
Conclusions:
I. Some...
