For which of the following pairs of commodities is the ratio of demand highest…
2024
For which of the following pairs of commodities is the ratio of demand highest in 2020?
Answer: D. (Meat, Fish and Eggs) : Edible oils — ConceptFor a pair written as A : B, its demand ratio is demand of A divided by demand of B, using values from the same year. To find the highest ratio,…
- A.
Foodgrains : Milk
- B.
(Meat, Fish and Eggs) : Sugar
- C.
Milk : Vegetables
- D.
(Meat, Fish and Eggs) : Edible oils
Show answer & explanation
Correct answer: D
Concept
For a pair written as A : B, its demand ratio is demand of A divided by demand of B, using values from the same year.
To find the highest ratio, calculate this quotient for every offered pair and compare the resulting decimal values.
Application
Foodgrains : Milk = 350.0 / 287.5 ≈ 1.217.
(Meat, Fish and Eggs) : Sugar = 28.3 / 23.1 ≈ 1.225.
Milk : Vegetables = 287.5 / 170.2 ≈ 1.689.
(Meat, Fish and Eggs) : Edible oils = 28.3 / 14.3 ≈ 1.979.
Cross-check
Comparing the four quotients gives 1.979 > 1.689 > 1.225 > 1.217; therefore the greatest quotient belongs to (Meat, Fish and Eggs) : Edible oils.
Hence, the required pair is (Meat, Fish and Eggs) : Edible oils.