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W lives on an odd numbered floor above floor numbered 4. (so, there are 2 possible cases- either W lives on floor numbered 5 or 7). The no of floors above W are equal to number of floors between W and U. Only 3 floors are between U and Asus. Only 2 floors are between Asus and HP. (so, we get another possible cases here). Case 1(a):
The one who likes HP lives immediate above Apple. There is one floor between W and lenovo. And it is also given that one who likes Lenovo lives somewhere below floor numbered 4. Floor immediately above one who likes Lenovo is vacant. (so, case 2 gets eliminated here). Case 1(a):
3 people live between 2 vacant floors and vacant floors are even numbered floors. (so, case 1(a) gets eliminated here as it does not satisfy the condition).
T lives immediately above the one who likes Xiaomi. X lives immediately below the one who likes Dell. Only 3 floors are between X and S.
S has more than 3 books. And S has not 6 books. It is also given that U has more books than S. Difference between U and S books is equal to number of books V has.
T has more books than X and difference between books of T and X is equal to books that W is having. X does not have 4 books.
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