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?
Consider the given statement/s to be true and decide which of the given conclusions/assumptions can definitely be drawn from the given statement. Statements: 1. All cycles are ducks. 2. All ducks are swans. Conclusions: I. All swans are cycles. II. Some swans are cycles.