1) Study the following and answer the questions given below it
Observe the table and answer the questions
Price of
banana
(per dozen)
in ₹
Demand
(in dozen)
Supply
(in dozen)
Relation
between
DD and SS
10 500 100 DD>SS
20 400 ___ DD>SS
30 ___ 300 DD=SS
40 200 ____ DD 50 ___ 500 DD 1) Fill in the blanks in the above schedule (2)
2) Derive the equilibrium price from the above schedule with
the help of a suitable diagram
Observe the table and answer the questions
Price of
banana
(per dozen)
in ₹
Demand
(in dozen)
Supply
(in dozen)
Relation
between
DD and SS
10 500 100 DD>SS
20 400 ___ DD>SS
30 ___ 300 DD=SS
40 200 ____ DD 50 ___ 500 DD 1) Fill in the blanks in the above schedule (2)
2) Derive the equilibrium price from the above schedule with
the help of a suitable diagram
Answers & Comments
Answer:
Option 1 : 40%
Detailed Solution
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The capacity of container P, Q, R is 20, 40 and 50 litre, respectively.
At Initial container P is empty, container Q is filled with milk and container R is filled with water.
Step 1: When milk form container Q, filled into container P.
Container P
Container Q
Container R
Milk
20
20
0
Water
0
0
50
Step 2: Container Q is then filled with the water from container R.
Container P
Container Q
Container R
Milk
20
20
0
Water
0
20
30
Step 3: Container P is now emptied into container R.
Container P
Container Q
Container R
Milk
0
20
20
Water
0
20
30
Finally, Strength of milk in the container R =