Let’s assume that the original price of eggs is $x per dozen. Now, the reduced price = x – 40% of x = $ 0.6x per dozen As per given condition, reduced price enabled a woman to buy 64 more eggs for $30 => 30/0.6x - 30/x = 64/12 => 12/0.6x = 64/12 ⇒ 0.6x = 12 × 12/64 = 2.25 ∴ Reduced price = $ 2.25 per dozen
When the price ceiling is fixed below the equilibrium price, it leads to which of the following?
(1) Excess supply
(2) Excess demand ...
Delicensing means abolishing the requirement of an industrial license to
(i) set up a new unit
(ii) substantially expand an existing ...
_________ may be defined as a situation in which the poor are unable to accumulate resources or earn enough to move out of the vicious cycle of poverty.
Identify the correct pair of social infrastructure in an economy.
Let Pr (X=2) = 1. Define µ2n = E(X-µ)^2n, µ= E(X). Then:
When the demand curve is a horizontal straight line, it indicates that the price elasticity of demand is_______.
Which of the given options is INCORRECT in the context of fiscal deficit?
Let Pr (X=2) = 1. Define µ2n = E(X-µ)^2n, µ = E(X). Then:
Which of the following given options would result in increase in gross external debt, ceteris paribus?
Which of the following is NOT one of the recognised systems of medicines under AYUSH?
