In 1990 a person is 15 years old. In 2000 that same person is 5 years old. How can this be possible?
It can be possible in only B.C. i.e, Before Christ. That was about 2000 years ago.
Given,
In 1990 B.C = 2000 + 1990 = 3990 years ago, a person is 15 years Old
=> In 1995 B.C = 2000 + 1995 = 3995 years ago, the same person will be 10 years Old
Therefore, In 2000 B.C = 2000 + 2000 = 4000 years ago, the same person will be 5 years Old.
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Match the characteristics with their market structure:
(a) MR = MP(b) Elasticity of demand depends on pricing policies of rivals
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