Question

Q2. Giving reason, state the impact of each of the following on demand curve of normal
(3)
good X
(1) Price of its complementary good falls.
(2) News reports claims that consumption of product X has harmful effect on human
health
(3) Income of consumer Increases.
OR
What is an inferior good? In what manner is the price-demand curve of an inferior
good affected when income of the consumer increases?
(3)
Q3. From the following data of the ages of different persons, prepare less than and more
(3)
than cumulative frequency distribution.
20-30
30-40
40-50
50-60
60-70
Age (in years) 10-20
70-80
12
10
No. of
5
6
11
2
persons​

Answer 1

Answer:

8428.6182=6122.=1612==6482==4=648850=952885059494=94985=64629=65559=4277185.4615,64585,7685