Solution:

There are only four cats. The room is too small and each cat is sitting at the tail of other.

Solution:

Hockey Stick $49.50 & ball $0.50

Solution:

fIvE thOUsAnd(5000)

Solution:

LOTTO

Explanation:
Just flip the two rows 1 and 2 vertically, you will find the word "Lotto".

Solution:

It can surely be true because it is not mentioned that it was raining.

Solution:

I am Spice

Explanation:
Spice is hot if you remove first two alphabets then it will become "ice", which is really cold.

Solution:

Now there can be two solutions to the given situation because there can be two situations:
Suppose if B and C have same colors, A will know that his color is the other one and he will be able to speak up the first.
Now if B and C do not have same colors, A will stay silent. This will tell B that his and C's colors are different. Thus he will speak up first.

So either A or B will speak up first depending on the situation.

Solution:

Fifteen minutes can easily be measure using these two hour glasses.

Step 1: He will start both the hourglass.

Step 2: The moment the eleven minute hourglass is empty, he will invert it.

Step 3: When the thirteen minutes hourglass is empty, he will invert the eleven minute hourglass.
In step 3, we will have counted thirteen minutes. Since we inverted the eleven minute hourglass in step 2, it started from fresh and was inverted just for two minutes (13-11=2). In this manner when it is reversed when the thirteen minute hourglass is finished, it will have two minutes of sand left. This time when the sand finishes, he will have measured fifteen minutes. (13+2=15)

Solution:

The wise man told them to switch the horses and then race. In this manner, both of them will be willing to race as fast as they can to prove that the other horse (his own horse) is slow.

Solution:

f the last elf is taking some time to answer the question then it shall mean that the elf's before him are all wearing distinct coloured hats. However sufficient time shall be given to the last elf to give the answer.
If he views the similar coloured hats in front of him , he shall quickly tell the answer

Solution:

All Digits [0-9] follow the following pattern: There is one occurrence of all digits in every 10 numbers Example. Digit-9 occurred one time between 10 and 19 in 9, between 20 and 29 in 29
However, for tens(91,92,93...99) and hundreds (900,901.... 999), the occurrence is much more. Since we have included 1000, Therefor 1 is the most occurred digit.
Note: Despite three '0s' in 1000, 0 is not most occurred digit as they don't have tens and hundreds like other digits.