Suppose a department store has a sale on at silverware, if the price of a plate setting is reduced from Rs. \(300\) to Rs. \(200\) and the quantity demanded increase from \(3000\) plate-sittings to \(5000\) plate sittings, what is the price elasticity of demand for silverware? (A) \(.8\) (B) \(1.0\) (C) \(1.25\) (D) \(1.50\)
The following sentences are from a paragraph. The first and the last sentences/ parts are given. Choose the order in which the four sentences/ parts (PQRS) should appear to complete the paragraph.
\(S_1\): Calcutta, unlike other cities, kept its trams. \(S_2\): ______________ \(S_3\): ______________ \(S_4\): ______________ \(S_5\): ______________ \(S_6\): The foundation stone was lain in \(1972\). P: As a result, there was horrendous congestion. Q: It was going to be the first in south Asia. R: They run down the centre of the road. S: To ease it, the city decided to build an underground railway line. Choose the correct sequence from the given options.
Which of the following is/are an outcome of a technological change? (A) A downward shift in the production function (B) Same output with fewer inputs or more output with same inputs (C) Invention of a product or production process (D) Both (b) and (c) above