If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?
The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?
A rocket is launched to travel vertically upward with a constant velocity of 20 m/s. After travelling for 35 seconds, the rocket develops a snag and its fuel supply is cut off. The rocket then travels like a free body. The height achieved by it is