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  • 5-Problems-13-08-2021 (13-Aug-2021) Material - I - 13-Aug-2021 - S - D - Problems - New

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    Sahil Kumar
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    The document contains information about Dr. T. Sampath Kumar, who is an Associate Professor in the Manufacturing Division of the School of Mechanical Engineering at VIT University in Vellore. It discusses Dr. Kumar's position and workplace. The document also includes questions about types of elasticity, demand and supply curves for rental cars, and definitions related to income elasticity of goods.

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    The document contains information about Dr. T. Sampath Kumar, who is an Associate Professor in the Manufacturing Division of the School of Mechanical Engineering at VIT University in Vellore. It discusses Dr. Kumar's position and workplace. The document also includes questions about types of elasticity, demand and supply curves for rental cars, and definitions related to income elasticity of goods.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    8 views15 pages

    5-Problems-13-08-2021 (13-Aug-2021) Material - I - 13-Aug-2021 - S - D - Problems - New

    Uploaded by

    Sahil Kumar
    The document contains information about Dr. T. Sampath Kumar, who is an Associate Professor in the Manufacturing Division of the School of Mechanical Engineering at VIT University in Vellore. It discusses Dr. Kumar's position and workplace. The document also includes questions about types of elasticity, demand and supply curves for rental cars, and definitions related to income elasticity of goods.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 15

    Dr.T.

    Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical


    Engineering, VIT University, Vellore

    (a)Perfectly inelastic (b) Perfectly elastic (c) Unitary elastic


    (d) Elastic (e) Inelastic
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore

    8) Suppose that you have the following demand and supply curve for rental cars: Find P and
    Q, Also the expenditures.

    9)

    Income Elasticity:

    Normal Goods

    – Income Elasticity is positive.

    Inferior Goods

    – Income Elasticity is negative.


    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore
    Dr.T.Sampath kumar, Associate professor, Manufacturing Division, School of Mechanical
    Engineering, VIT University, Vellore

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