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Required time = Sum of the lengths of trains / Relative speed Relative speed = 55 + 35 = 90 kmph = (90 × 5)/18 = 25 m/sec Required time = (175 + 125)/25 = 300/25 = 12 seconds
Information for pricing decision involves
Who introduced the concept of elasticity of demand?
Movement along a demand curve as a result of change in price is known as
Concept of 'Consumer's Surplus' was evolved by
When AR is constant, MR is
Diamond-water paradox establishes the fact that
Demand analysis includes
Economics of scale means
Under price discrimination, price will be higher in the market where demand is
Dynamic forces operating in the economy create various kinds of economic fluctuations which are termed as trends in the economy. Which of the following...
