Economics - Study Mode
[#546] Consider the following statements I. Money is stock while expenditure is flow II. Money is stock while income is flow III. Government debt is stock but interest payment is flow IV. Credit by banks is flow and total deposits credit are stock Which of the above statements are correct?
Correct Answer
(A) Only I and II
[#547] Which of the following goods is likely to have perfectly inelastic demand?
Correct Answer
(B) Salt
[#548] Which of the following statements are correct?
Correct Answer
(A) A perfectly elastic demand curve is parallel to the x-axis
[#549] Which one of the following is NOT the pre-requisite of price discrimination?
Correct Answer
(B) Product have multiple close substitutes and different uses
[#550] Penetrating pricing strategy is appropriate when
Correct Answer
(C) price elasticity of demand in the market is highly elastic