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Identify the correct pair of items from the following Columns I and II:
- a)A–1
- b)B–2
- c)C–3
- d)D–4
Correct answer is option 'D'. Can you explain this answer?
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Identify the correct pair of items from the following Columns I and I...
A. Supply of Tea: Empirical results show that demand for green tea, black tea, and tea beverage are own-price elastic while coffee and coffee beverage are own-price inelastic.
B. Supply of Antiques: The supply of antiques is highly inelastic.Thus,increases in demand would have a small effect on price. A positive cross-elasticity of demand between two goods indicates that the two goods are both normal goods.
C. Supply of Milk: Basic necessities are generally said to be price inelastic in comparison with luxury goods. In particular, fluid milk has long been regarded as one of the most price inelastic commodities in many countries. According to their findings, the value for the milk category is 0.59, which is relatively inelastic.
D. Supply of Air Conditioner: The supply for air conditioners is perfectly inelastic and it is shown by a vertical curve. A perfectly inelastic supply means that the quantity of conditioners is limited as the supplies does not have any inventory reserves.
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Identify the correct pair of items from the following Columns I and II:a)A–1b)B–2c)C–3d)D–4Correct answer is option 'D'. Can you explain this answer?
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Identify the correct pair of items from the following Columns I and II:a)A–1b)B–2c)C–3d)D–4Correct answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Identify the correct pair of items from the following Columns I and II:a)A–1b)B–2c)C–3d)D–4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the correct pair of items from the following Columns I and II:a)A–1b)B–2c)C–3d)D–4Correct answer is option 'D'. Can you explain this answer?.
Identify the correct pair of items from the following Columns I and II:a)A–1b)B–2c)C–3d)D–4Correct answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Identify the correct pair of items from the following Columns I and II:a)A–1b)B–2c)C–3d)D–4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the correct pair of items from the following Columns I and II:a)A–1b)B–2c)C–3d)D–4Correct answer is option 'D'. Can you explain this answer?.
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