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Impact of Demand and Supply Shifts on Equilibrium

It can be inf...

Question

It can be inferred that the price per vehicle between 1997-98 to 1998-99 has:

A

Risen

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B

Dropped

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C

Remained constant

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D

No inference can be made

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Solution

The correct option is A Risen
Sales revenue has increased while sales volume has decreased. Hence, price must have risen.

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With respect to the price per vehicle, what inference can be made about the price between 1998-99 to 1999-2000. It has:

\frac{99}{98}

can be written as

Q. It can be inferred that _____________.

FEI for a country in a year, is the ratio (expressed as a percentage) of its foreign equity inflows to its GDP. The figure given displays the FEIs for select Asian countries for 1997 and 1998.
It is known that China’s GDP in 1998 was 7% higher than its value in 1997, while India’s GDP grew by 2% during the same period. The GDP of South Korea, on the other hand, fell by 5%. Which of the following statements is/are true? I. Foreign equity inflows to China were higher in 1998 than in 1997.
I. Foreign equity inflows to China were higher in 1998 than in 1997.
II. Foreign equity inflows to China were lower in 1998 than in 1997. III. Foreign equity inflows to India were higher in 1998 than in 1997. IV.Foreign equity inflows to South Korea decreased in 1998 relative in 1997.
V. Foreign equity inflows to South Korea increased in 1998 relative in 1997.

FEI for a country in a year, is the ratio (expressed as a percentage) of its foreign equity inflows to its GDP. The figure given displays the FEIs for select Asian countries for 1997 and 1998.
Based on the data provided, it can be concluded that

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