Questions

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

 Nataraga/ Natanarayana

TRUE, the compounds are formed as a result of chemical change.

Capitalism is an economic system followed by a country or a society which is characterized by Privately owned businesses, a market economy and profits.

Capitalism is defined as "production for exchange" driven by the desire for personal accumulation of money receipts in such exchanges, mediated by free markets. The markets themselves are driven by the needs and wants of consumers and those of society as a whole in the form of the bourgeois state.

Rajeev Suri

The Reserve Bank of India has imposed a penalty of Rs 5 crore on Karur Vysya Bank for non-compliance of its directives on Income Recognition and Asset Classification (IRAC).

Heat energy can be transferred by three major methods. They are 

1. Conduction,

2. Convection and

3. Radiation.

Conduction is the movement of heat through a substance by the collision of molecules

Convection occurs when particles with a lot of heat energy in a liquid or gas move and take the place of particles with less heat energy.

Radiation is the transfer of energy by means of photons in electromagnetic waves governed by the same laws. It occurs through a vacuum or any transparent medium.

Dairy products like milk, cheese and yogurt are rich source of protein as well as calcium also.