CBSE > Class 11 > Economics | CBSE Board | Homework Help

Ask questions which are clear, concise and easy to understand.

Ask Question

What is price celling

Posted by Anshika Sharma 7 years, 1 month ago

1 answers

Yogita Ingle 7 years, 1 month ago

Laws enacted by the government to regulate prices are called price controls. Price controls come in two flavors. A price ceiling keeps a price from rising above a certain level—the “ceiling”. A price floor keeps a price from falling below a certain level—the “floor”.

Price ceilings prevent a price from rising above a certain level.
When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result.

3Thank You

ANSWER

What means mr ar

Posted by Chirag Pandat 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Anjali Gupta 7 years, 1 month ago

MR is marginal revenue and AR is average revenue

1Thank You

ANSWER

effect of chain in income price and quantity

Posted by Himanshu Singh 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

ANSWER

What is a economics

Posted by Rahul Mahi 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Anshika Sharma 7 years, 1 month ago

Economics studies all economic activities of human beings. it deals with person and its economic activities. We know that human wants are unlimited and resources are limited and resources have their alternative uses it creates a problem of choice is known as economics

1Thank You

Yaser Siddiquee 7 years, 1 month ago

Economics is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic.

0Thank You

ANSWER

Economics ka 2019 ka syllabus

Posted by Priyansh Shàñú 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

It's given in the app

1Thank You

ANSWER

Why the budget line slope downward

Posted by Jubin Hazarika Rakash Sing 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

Budget line is downward sloping because it has a negative slope, i.e. it slopes downwards as more of one good can be bought by decreasing some units of the other good.???

1Thank You

ANSWER

What is meant by the price floor? What are its implications

Posted by Rahul Yadav 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Gaurav Seth 7 years, 1 month ago

Minimum price ceiling or Price floor means the least price that could be paid for a good or service. It is the price fixed by the
government for a good in the market. The government fixes the price on agricultural products and food grains in
particular so that the farmers get their fair price of a commodity which otherwise actually can be sold with too low of a
price.
Effects of price floor:
(i) Minimum Return: Farmers are ensured with the minimum returns as their products are completely sold in the
market at comparatively higher price. This leads to an increase in their level of income.
(ii) Maximum Level of output: The government ensures to buy the full produce of the farmers which are not sold in
the market at the price floor. Hence, they are able to produce the maximum level of output.
(iii) Burden on Government: It also puts extra burden on the government revenues. It becomes mandatory for the
government to purchase the excess produce, even if it runs a sufficient volume of buffer stocks.
(iv) Higher Taxes: The government also tries to shift the burden (associated with purchasing the excess produce at
higher price) to the consumers and the traders in form of higher taxes.

3Thank You

ANSWER

What is the meant of price index

Posted by Harshita Mehra 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

A price index is a normalized average of price relatives for a given class of goods or services in a given region, during a given interval of time .

2Thank You

ANSWER

How can i get well marks in a short peroid of time in micro economics

Posted by Shikha Bhadoria 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Calculate the average marks of students given below by step deviation method. Marks 10 20 30 40 50 No f Students 15 10 40 20 15

Posted by Vijay Krishna 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

ANSWER

What is revenue?

Posted by Aishi Mondal 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Anjali Gupta 7 years, 1 month ago

Money received ftom the sale of product.

1Thank You

Alvia Khan 7 years, 1 month ago

Tax

2Thank You

ANSWER

Why sellers in a perfect competition market unable to change price of his goods????

Posted by Anand Mishra 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Yash Gupta 7 years, 1 month ago

Because there are many buyers and sellers and due to this sellers individually have negligible effect on price.

2Thank You

Anjali Gupta 7 years, 1 month ago

Because he is price taker not the price maker

2Thank You

ANSWER

Value of coefficient of correlation is not affected by change of orgin and change of scale. Explain

Posted by Roshan Nafi 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Jagjot Kaur 7 years, 1 month ago

Directly

0Thank You

ANSWER

draw histogram for the following frequency distribution ?1) 86.20,2)92.65,3)93.70,4)94.15,5)95.30,6)95.75,7)96.40,8)98.75,9)101.05,10)101.10

Posted by Khushhali Thakur 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

ANSWER

solution of sample paper numerical questions

Posted by Chetna Tandon 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Topics of project

Posted by Raghav Chaturvedi 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Rahul Yadav 7 years, 1 month ago

Money in economics

0Thank You

ANSWER

Annual exam paper 2017-18

Posted by Anjali Sharma 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Meaning of GNP

Posted by Sunny Kumar Jogi 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Roshan Nafi 7 years, 1 month ago

Gross National Product..

1Thank You

ANSWER

1) Why should change in quantity and price be considered as percentage change? 2) why should "-" sign be prefixed in the equation estimating elasticity of demand?

Posted by Miti Goyal 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

2)to show inverse relationship between price and demand i.e. if price will increase then demand will decrease and if price will decrease then demand will increase.

5Thank You

ANSWER

What is short run?In which phase of law of variable proportions a rational producer will operate in the short run?

Posted by Chintu Jakhar 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Neha _ 7 years, 1 month ago

In short run a firm can chage its variable factors (for eg labour , raw material , fuel etc ) In second phase because Marginal product is positive and there is a scope of increasing total product So a rational producer operate in short run

2Thank You

ANSWER

Define abnormal profit.

Posted by Neyma Xubba 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Suhani Sharma 7 years, 1 month ago

Superprofit

1Thank You

ANSWER

What do the long run marginal cost and the average cost curve look like

Posted by Harshit Sarna 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Economics projects

Posted by Khushhali Thakur 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Where is central problem of an economy chapter

Posted by Ravindra Singh 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Some important question

Posted by Tashi Star 7 years, 1 month ago

CBSE > Class 11 > Economics

3 answers

D J 7 years, 1 month ago

plz give me most easiest question

1Thank You

Amit Mishra 7 years, 1 month ago

most important questions

0Thank You

Himani ?? 7 years, 1 month ago

From which chap. ????

1Thank You

ANSWER

What is the diff. between supply anf quantity supply

Posted by Anjali Gupta 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Aparna Ganesh 7 years, 1 month ago

Supply is a more generic term and in a plural sense compared to quantity supplied Supply is the quantity supplied of a commodity by a producer at various possible prices But quantity supplied is a specific term..it is the specific quantity sold at a specific price Hope you got it!

1Thank You

ANSWER

Why AFC curve is rectangular hyperbola??

Posted by Anjali Gupta 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

Reet u are right

0Thank You

Reet Sran 7 years, 1 month ago

it is due to decrease in afc with increase in output

1Thank You

ANSWER

What is cartel?

Posted by Rohit Gadhekar 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Gaurav Seth 7 years, 1 month ago

A coalition or cooperative arrangement between political parties intended to promote a mutual interest.

Cartel is an arrangement/organisation among producers or business firms to exert control over market by influencing price of the product or setting production targets. The main purpose of cartels is to maximize profit, or to avoid losses among the member firms.

0Thank You

ANSWER

Project On GDP

Posted by Akhilesh Kumar 7 years, 1 month ago

CBSE > Class 11 > Economics