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?
If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is
If D and E are points on the sides AB and AC respectively of a triangle ABC such that DE||BC. If AD = x cm, DB = (x – 3) cm, AE = (x + 3) cm and EC= (x – 2) cm, then what is the value (in cm) of x?