A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by
If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?
In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'. The reason Priya was late (1)/ to the meeting is because her (2)/ flight was delayed. (3)/ No Error (4)
A boat goes 15 km upstream and 10 1/2 km down stream in 3 hrs 15 min. It goes 12 km upstream and 14 km downstream in 3 hrs. What is the speed of the boat in still water?