Description : )When percentage change in demand for a commodity is less than percentage change in its price, then demand is said to be - (1) Highly elastic (2) Inelastic (3) Relatively elastic (4) Perfectly inelastic
Last Answer : (2) Inelastic Explanation: When the percentage change in quantity demanded is less than the percentage change in price, then the demand for the commodity is said to be inelastic. Price elasticity of demand refers to the degree of responsiveness of quantity demanded to change in price.
Description : When percentage change in demand for a commodity is less than percentage change in its price, then demand is said to be (1) Highly elastic (2) Inelastic (3) Relatively elastic (4) Perfectly inelastic
Last Answer : Inelastic
Description : Economic rent does not arise when the supply of a factor unit is - (1) Perfectly inelastic (2) Perfectly elastic (3) Relatively elastic (4) Relatively inelastic
Last Answer : (2) Perfectly elastic Explanation: Economic rent in the sense of surplus over transfer earnings arise when the supply of the factor units is less than perfectly elastic or not perfectly elastic. When ... , at a given price or remuneration, the entrepreneur can engage any number of factor units.
Description : Economic rent does not arise when the supply of a factor unit is (1) Perfectly inelastic (2) Perfectly elastic (3) Relatively elastic (4) Relatively inelastic
Last Answer : Perfectly elastic
Description : A horizontal demand curve is - (1) relatively elastic (2) perfectly inelastic (3) perfectly elastic (4) of unitary elasticity
Last Answer : (3) perfectly elastic Explanation: The demand curve facing a perfectly competitive firm is flat or horizontal. This is because all firms in perfect competition are by definition selling an identical (homogeneous) ... of the curve is zero, it is impossible for the price to change in the market.
Description : The upper portion of the kinked demand curve is relatively A.More inelastic B.More elastic C.Less elastic D.Inelastic
Last Answer : B.More elastic
Description : If the consumption of a product can be postponed for the time being (a) The demand for the product will be inelastic (b) The demand for the product will be relatively elastic (c) The demand for the product will be perfectly elastic (d) The demand for the product will be perfectly inelastic
Last Answer : (b) The demand for the product will be relatively elastic
Description : The bowed shape of the production possibilities curve illustrates. a) Law of Increasing Marginal Cost b) The production is inefficient c) The production is unattainable d) The demand is relatively elastic
Last Answer : Answer- a
Description : Find out the wrong feature of DVD among the following: a) DVD is similar to CD but has larger storage capacity and enormous clarity b) DVDs are primarily used to store music or 6 movies and can be played back on ... opposed to around 650 MB of a CD) d) It is not re-writable media e) None of These
Last Answer : e) None of These
Description : Which of the following statements are true of the multiple organ dysfunction syndrome (MODS)? A. The two-hit model proposes that secondary MODS may be produced when even a relatively ... intensive care units has decreased owing to increased awareness, prevention, and treatment of the syndrome.
Last Answer : Answer: ABC DISCUSSION: MODS is part of a clinical continuum that begins with the systemic inflammatory response syndrome, which is the host's stress response to any major insult such ... pathogenesis of MODS, the incidence of MODS continues to increase without a significant improvement in outcome
Description : Research has shown that maladjustment among teacher is Options: A) Relatively non-existent B) Relatively rare among ‘Career' teachers C) Exceedingly widespread, especially among women teachers D) Of greater incidence than in comparable professional groups
Last Answer : D) Of greater incidence than in comparable professional groups
Description : Am I a science student ? I am a science student. I want to buy a tablet for 4G speeds , the screen will be a little bigger for watching and studying various educational videos on youtube , for taking live ... be better for this ? What to buy ? Which company will I buy and what will be the price ?
Last Answer : answer:
Description : Will I take SSC exam next year ? I am a science student. I want to buy a tablet for 4G speeds , the screen will be a little bigger for watching and studying various educational videos on youtube , for ... be better for this ? What to buy ? Which company will I buy and what will be the price ?
Last Answer : All the models of Symphony are good. But if you say which is the best , I am confused about it. Because everyone speaks one by one. Many of my classmates and I are using different models of Symphony. You can use any one.
Description : An increase in aggregate demand is more likely to lead to demand pull inflation (a) If aggregate supply is completely elastic (b) If aggregate supply is completely inelastic © If aggregate supply is unitary elastic (d) If aggregate supply is moderately elastic
Last Answer : (b) If aggregate supply is completely inelastic
Description : What do you do with those old home videos and DVDs?
Last Answer : I can’t believe I have a pile of videos someplace in the closet when we don’t own a VCR.
Description : The policy that assumes that demand is relatively inelastic over certain price ranges is called A)price lining. B)odd-even pricing. C)price skimming. D)prestige pricing. E)customary pricing.
Last Answer : A)price lining.
Description : A unit price elastic demand curve will touch - (1) both price and quantity axis (2) neither price axis, nor quantity axis (3) only price axis (4) only quantity axis
Last Answer : (2) neither price axis, nor quantity axis Explanation: Unit elastic refers to an elasticity alternative in which any percentage change in price cause an equal percentage change in quantity. In other ... However, the unit price elastic demand curve does not touch either price axis or quantity axis.
Description : If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is - (1) perfectly inelastic (2) elastic (3) perfectly elastic (4) inelastic
Last Answer : (3) perfectly elastic Explanation: If quantity demanded changes by a very large percentage as a result of a tiny percentage change in price, then the demand is said to be perfectly elastic ... in this extreme case would be undefined but it approaches negative infinity as demand becomes more elastic.
Description : In case of Diamond, if the price goes up slightly, demand will fall by a much larger margin. The demand is 1. Zero elastic 2. Highly price elastic 3. Income elastic 4. Low price elastic 5. None of these
Last Answer : Highly price elastic
Description : The demand for many industrial products for which a price increase or decrease will not significantly affect the demand is 1. elastic 2. inelastic 3. derived 4. joint 5. none of these
Last Answer : inelastic
Description : In case of diamond, if the price goes up slightly, demand will fall by a much larger margin. The demand is 1. Zero elastic 2. Highly price elastic 3. Income elastic 4. Low price elastic 5. None of these
Description : In price discrimination, which section of the market is charged the higherprice? a. the section with the richest people b. the section with the oldest people c. the section with the most inelastic demand d. the section with the most elastic demand
Last Answer : c. the section with the most inelastic demand
Description : If the demand curve confronting an individual firm is perfectly elastic, then firm is A.Price taker B.Adjust output C.Adjust price D.All of these Answer Repor
Last Answer : A.Price taker
Description : If total revenue rises when price falls, the demand curve is (a) Elastic (b) Unitary elastic (c) Inelastic (d) None of the above
Last Answer : (a) Elastic
Description : The demand for a product is ________ when price cut causes revenue to increase. A. Income elastic B. Price elastic C. Cross elastic D. None of the above
Last Answer : B. Price elastic
Description : With what type of products would you expect demand to increase as price falls? A)Prestige products B)Products with elastic demand C)Products with inelastic demand D)Products with an inverted shaped demand curve
Last Answer : D)Products with elastic demand
Description : The demand for many industrial products for which a price increase or decrease will not significantly affect the demand is: A)elastic B)inelastic C)derived D)joint
Last Answer : B)inelastic
Description : Price elasticity demand of product will be more elastic if it (a) Has no substitutes ; (b) Has number of substitutes ; (c) Is an item of necessity; (d) Is life saving Product
Last Answer : ; (b) Has number of substitutes ;
Description : If price of coffee falls leading to increase in total outlay on coffee, the demand of coffee is (a) Elastic ; (b) Inelastic ; (c) Unitary elastic ; (d) Less than unit elastic
Last Answer : (a) Elastic ;
Description : If price of X falls leading to fall in total outlay on X, the demand of X is (a) Elastic ; (b) Inelastic ; (c) Unitary elastic ; (d) Less than unit elastic
Last Answer : (b) Inelastic ;
Description : If price of X falls leading to increase in total outlay on X, the demand of X is (a) Elastic ; (b) Inelastic ; (c) Unitary elastic ; (d) Less than unit elastic
Description : If price of sugar fills leading to fall in total outlay on sugar, the demand of sugar is (a) Elastic ; (b) Inelastic ; (c) Unitary elastic ; (d) Less than unit elastic
Description : As per total outlay method, demand is said to be elastic if as result of change in price total outlay (a) Increases ; (b) Decrease ; (c) Remain same ; (d) None
Last Answer : (c) Remain same ;
Description : A unit price elastic demand curve will touch (1) both price and quantity axis (2) neither price axis, nor quantity axis (3) only price axis (4) only quantity axis
Last Answer : neither price axis, nor quantity axis
Description : If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is (1) perfectly inelastic (2) elastic (3) perlectly elastic (4) inelastic
Last Answer : perlectly elastic
Description : Elasticity (e) expressed by the formula 1 > e > 0 is - (1) Perfectly elastic (2) Relatively elastic (3) Perfectly inelastic (4) Relatively inelastic
Last Answer : (4) Relatively inelastic Explanation: Elasticity (e) expressed by the formula 1 > e > 0 is relatively inelastic. Elasticity is responsiveness of one variable to a change in another, when other conditions are held constant.
Description : Elasticity (e) expressed by the formula l > e > 0 is (1) Perfectly elastic (2) Relatively elastic (3) Perfectly inelastic (4) Relatively inelastic
Last Answer : Relatively inelastic
Description : Mr. Steve lives in a mansion. He is very rich. He's so rich that he has a maid, a cook, a butler, and a lifeguard. Yesterday, Mr. Steve was found dead. The chief detective was ... one chance because if you choose incorrectly, you accuse the wrong person and the true killer gets away. -Riddles
Last Answer : The postman was lying. If the chief detective was coming from church, then you know that the post office doesn't deliver mail on Sunday.
Description : Which of the following is true about the way by which SDG&E has been regulated by the PUC? a. SDG&E has been allowed to earn very high economic profits b. The profits of SDG&E are calculated as ... the demand for electricity would fall, the price of electricity would also fall d. All of the above
Last Answer : b. The profits of SDG&E are calculated as a percent of the value of the capital goods
Description : Mark correct option a) When the airmail bag contain less than 50 articles and there is no insured article or air parcel an airmail cover of suitable size should be used instead of a bag b) When an ... d) Separate ins letter bag closed when more than 10 ins article for any office. e) All the above
Last Answer : e) All the above
Description : The demand for which of the following commodity will not rise in spite of a fall in its price? (1) Television (2) Refrigerator (3) Salt (4) Meat
Last Answer : (3) Salt Explanation: For certain goods called necessities, demand is not related to income. Demand for salt does not increase with the increase in income & does not decrease with the decrease in ... irrespective of income. The demand curve slopes downward for goods like salt, but it is inelastic.
Last Answer : Salt
Description : what- An electronics store is having a sale. Every CD in the store is the same price, and every DVD in the store is the same price.David buys 8 CDs and 10 DVDs for $174. Michelle buys 3 CDs and 1 DVD for $35. Which statement must be true?
Last Answer : the price of CDs is $8, and the price and DVDs is $11
Description : A marketer of industrial cleaning equipment is creating a marketing mix to satisfy potential customers. As a business to business marketer which of the following is LEAST likely to be ... -quality products C)Technical advice about the product D)Credit extension E)Extensive television advertising
Last Answer : E)Extensive television advertising
Description : If RCA developed a new technology that made 3-D imagery possible through the use of videotape played on an advanced television set, it would be more likely to market this innovation if it could obtain a: A)competitive advancement B)patent C)low price advantage D)technological assessment
Last Answer : B)patent
Description : Mark the correct option relating ot press sorting office a) Press concerned should provide necessary suitable accommodation for the post office free of rent and give an undertaking in writing that effect. b) Press ... additional staff , if any that may be employed for the purpose. d) All the above
Last Answer : d) All the above
Description : Does youtube use phone data when you're watching videos on wifi?
Last Answer : I just did a test on my phone to see whether that's true (in my case), but it appears to be not I have wifi and mobile data both open and played a YouTube video. Before and after I checked how much ... can choose WiFi and/or Mobile Data to be On or Off for all (pre-)installed apps. Hope that helps.
Description : I'm watching welding how-to videos on the Internet. Should I be wearing a welder's helmet?
Last Answer : Wear the helmet. I father arc welded something without a helmet because it was a real quick job. He was in agony that night. Never do it without the helmet. And you watch the arc to lay down a smooth bead.
Description : Do any of you enjoy watching fan made videos based on TV shows that you like to watch?
Last Answer : I usually really dislike these… except for the fact that this one about Community’s Jeff and Annie led to an actual scene in the show, which parodied the shipping video. So brilliant. Looks like the better-quality version was taken off YouTube, which is really too bad.
Description : Will you be watching the new Trapped in the Closet videos by R. Kelly?
Last Answer : Frankly, I’m amazed that they can be parodied – TITC is really fucking out there in the first place.