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Income Elasticity of demand

Economics

answered on 25-May-20 15:22

Sir in income Elasticity of demand if a consumer always spends a 15 percentage of income eg food even though his income rise or decreases then it is said is said to be equal to one. But my doubt is why is equal to one as he spends a same percentage even though rise or decrease in income so it is said to inelastic or zero only why in book it is said equal to one. Pls help me

latest answer

I got it bro.. but Thanks

S.P. RAYAN

S.P. RAYAN

CA Inter

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Doubt

Economics

answered on 24-May-20 00:12

Can u explain me 1st assumption sir... Y total number of goods nd services doesn't change im case of full employment? Is it bcz if u need to produce mre u need to recruit new employees?

latest answer

Tq mam

Shru Kanda

Shru Kanda

CA Inter

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Govt intervention to correct market failure

Economics

answered on 21-May-20 20:20

Why isn't the answer option d and why option b is right?

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Thanks

The Little Brown Girl

The Little Brown Girl

CA Inter

0

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541

How to get individual modules

Economics

answered on 14-May-20 11:44

Hi guys... How to get individual modules

latest answer

They were on sale Yesterday & day before. The window is closed now. We may sell them again next month. Regret that you will have to wait till then.

anju B

anju B

CA Inter

21K+

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487

Doubt

Economics

answered on 01-May-20 20:34

How to find the answer

latest answer

17 +13=30

Roshan Zameer

Roshan Zameer

ACCA Professional

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536

Demand

Economics

answered on 01-May-20 20:37

What is difference between demand and quantity demand

latest answer

Thanks

Priyanka Saini

Priyanka Saini

CA Foundation

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BCK

Economics

answered on 26-Apr-20 20:54

Any changes in bck ISM for june

latest answer

No change

Aravindh Kumar

Aravindh Kumar

CA Inter

4K+

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534

revaluation result

Economics

answered on 24-Apr-20 20:28

when will our revaluation result will publish?

latest answer

It depends on the verification

Midhlaj alungal

Midhlaj alungal

CA Inter

280

2

640

Doubt

Economics

answered on 24-Apr-20 17:34

How should I answer

latest answer

then options are incorrect

Roshan Zameer

Roshan Zameer

ACCA Professional

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493

Doubt

Economics

answered on 22-Apr-20 14:47

How can I identify Repo rate ,reverse Repo rate ,bank rate

latest answer

Repo rate, reverse rate etc are explained in BCK . It is available for free till 30th April. You can go through that.

Roshan Zameer

Roshan Zameer

ACCA Professional

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525


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