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Let the length, width and height of tank be 7x, 6x and 4x respectively. According to the question, => 7x × 6x × 4x = 1344 => x3 = 8 => x = 2 Height of the cuboidal tank = 4x = 8 m
In case of Giffens goods, price effect is
When price elasticity of demand is unity, the total expenditure:
Diamond-water paradox establishes the fact that
The goods whose demand is not tied with the demand for some other goods are said to have
The positive cross elasticity of demand between two products means the two products
Economics of scale means
Shifts in demand curve as shown in the figure below represents
A rightward shift in supply curve indicates
When AR is constant, MR is
In a typical demand schedule, quantity demanded varies
