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The logic followed here is: % indicates division and @ indicates subtraction. 84 % 6 @ 5 = 9 84 ÷ 6 – 5 = 9 14 – 5 = 9 9 = 9 (LHS = RHS) 132 % 11 @ 3 = 9 132 ÷ 11 – 3 = 9 12 – 3 = 9 9 = 9 (LHS = RHS) Similarly, 256 % 8 @ 17 = ? 256 ÷ 8 – 17 = ? 32 – 17 = ? ? = 15 Hence, the correct answer is (B).
A table indicating various levels of demand at various prices is termed as
Demand analysis includes
Under perfect competition, the long-run equilibrium of the firm is established at
The positive cross elasticity of demand between two products means the two products
When the economist speaks of an increase in demand, he is usually referring to a ____________________
The statement, "The elasticity of demand may be defined as the percentage change in quantity demanded which would result from 1 percent change in price"...
Pricing decision includes
Movement along a demand curve as a result of change in price is known as
From the resource allocation point of view, perfect competition is preferable because
The reasons for L-shaped long run average cost curve is/are
