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Question 1

A Vertical supply curve parallel to Y axis implies that the elasticity of supply is

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Question 2

The luxury goods like Jewellery and fancy articles will have

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Question 3

The supply function is given by Q= -100+10P Find the elasticity using point elasticity, method when the price is Rs 15.

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Question 4

At higher price people demand more of certain goods not for their worth but for their prestige value This is called

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Question 5

The supply curve for perishable commodities is

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UGC NET Management Quiz Day 6

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