Question
As a result of an increase in consumer incomes, the
demand for XYZ good has decreased. Based on this information, what can we definitely say about what type of good XYZ is?Solution
Inferior goods are goods whose demand is reduced with increasing consumer income. Inferior goods are very low-priced goods and are of much lower quality related to other goods. Income growth allows the consumer to change their choices and buy substitutes of superior quality.
1. We must recognize that politics
P. about the careers and fortunes
Q. citizens and not
R. and elections are about
S. the l...
Which would be the first sentence after rearrangement?
Which sentence should come fifth in the paragraph?
Given below are six sentences. A and F are the first and the last sentences. The rest of the sentences namely B, C, D and E are jumbled. Select the opt...
P:Â Â Â Of the greater uncontrolled powers
Q:Â Â Â Tax terrorism increases because
R:Â Â Â At the expense of civil liberties
Which would be the second sentence after rearrangement?
Each question is divided into four parts a,b,c,d. In some questions they are not in the sequence so according to grammar and context re- re-arrangement...
Which of the following will be the SIXTH sentence after rearrangement?
Which sentence should be come third in the paragraph?
Some parts of a sentence have been jumbled up, and labelled P, Q, R and S. Select the option that gives the correct sequence in which these parts can be...
