Questions

If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?

Economics assumes that

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

Before its Independence, Bangladesh was part of ___________.

The game of football is also referred to as ___.

Who is the author of "Our Impossible Love"?

When the demand for a good increases with an increase in income, such a good is called_______

Calculate a country's GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.