Analyst Questions

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

Cast iron is a group of iron-carbon alloys with a carbon content greater than 2% and is a brittle material.

Its usefulness derives from its relatively low melting temperature.

Attribution theory was designed to account for how people explain others' behavior. It is a theory in psychology states that the attributions people make about events and behavior can be classed as either internal or external. In an internal, or dispositional, attribution, people infer that an event or a person's behavior is due to personal factors such as traits, abilities, or feelings.

ABP Majha is the correct word of the given jumbled word.

Associated Press (AP) is world's oldest news agency followed by Reuters and Agence France - Presse.

Most of the ozone in the atmosphere is found in the layer of stratosphere, which begins about 10.16 kilometers (6.10 miles) above Earth's surface and extends up to about 50 kilometers (31 miles) altitude.