In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is/are definitely true and then give your answer accordingly.
Statements: U ≥ F > Y ≥ S < K < J < I
Conclusions:
I. U > S
II. I > Y
U ≥ F > Y ≥ S < K < J < I U > S. Hence conclusion I is true. U ≥ F > Y ≥ S < K < J < I No relationship can be established between and I and Y. Hence conclusion II is not true.
The demand curve shows that:
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Which of the following statements about Indirect Tax is incorrect?
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