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Ask QuestionPosted by Kundanika Joshi 6 years, 11 months ago
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Yogita Ingle 6 years, 11 months ago
Increase in supply: It is due to technological advancement, decrease in input prices, decrease in unit tax, decrease in prices of other related goods and the prices of the good remaining constant.
Extension in supply: With an increase in prices of the good, the other determinants of supply will remain constant.
Posted by Vivek Pandey 6 years, 11 months ago
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Posted by Vivek Pandey 6 years, 11 months ago
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Posted by Nishu Nishu 6 years, 11 months ago
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Gaurav Seth 6 years, 11 months ago
| Meaning | The activity of generating advertisements of products and services to commercialize them is known as Advertising. | The activity of providing information about an entity, i.e. a product, an individual or a company to make it popular is known as Publicity. |
| What is it? | It is what the company says about its product. | It is what others say about the product. |
| Cost involved | Very expensive marketing tool. | Free of cost. |
| Given by | Company and its representative | Third Party |
| Is it under the control of the company? | Yes | No |
| Which type of message it conveys? | Positive | It may be positive or negative. |
| Credibility and Reliability | Less | Comparatively more |
| Focus on | Target Audience | Awareness |
| Repeatation | Yes | No |
Posted by Prerna Garg 6 years, 11 months ago
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Posted by Ansh Garg 6 years, 11 months ago
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Yogita Ingle 6 years, 11 months ago
The areas where India has surpassed Pakistan are scientific and technological development, exports of software, defence technology, space research, electronics, genetics, telecommunications, education and health etc.
Posted by Shivanshu Rastogi 6 years, 11 months ago
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Posted by Nishu Nishu 6 years, 11 months ago
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Posted by Arvind Kumar 6 years, 11 months ago
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Posted by Preet Dhillion 6 years, 11 months ago
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Joya Chatterjee 6 years, 11 months ago
Yogita Ingle 6 years, 11 months ago
We have been studying the impact of price on supply. However, all these definitions have been qualitative. With this in mind, the price elasticity of supply came into existence. The price elasticity of supply tackles the quantitative side of the price and supply relationship.
It refers to the degree of responsiveness of supply of a commodity with reference to change in the price of such commodity. Note that the price elasticity of supply is always positive. This happens because of the positive or direct relationship between price and supply, unlike demand.
Posted by Vikas Gupta 6 years, 11 months ago
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Posted by Vishal Ahirwar 6 years, 11 months ago
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Yogita Ingle 6 years, 11 months ago
Now as mentioned earlier, the elasticity of demand measures how factors such as price and income affect the demand for a product. Price elasticity of demand measures how the change in a product’s price affects its associated demand. Now you can measure the price elasticity of demand (PED) mathematically as follows:
Price Elasticity of Demand (PED) = % change in quantity demanded / % change in price
Posted by Vishal Ahirwar 6 years, 11 months ago
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Joya Chatterjee 6 years, 11 months ago
Posted by Rudransh Shukla 6 years, 11 months ago
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Nikhil Dwivedi 6 years, 11 months ago
Japnoor Kaur 6 years, 11 months ago
Gaurav Seth 6 years, 11 months ago
Demand is an economic term that refers to the amount of products or services that consumers wish to purchase at any given price level. The mere desire of a consumer for a product is not demand. Demand includes the purchasing power of the consumer to acquire a given product at a given period. In other words, it’s the amount of products or services that consumers are willing and able to purchase
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Sex Boy ????? 6 years, 11 months ago
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Nikhil Dwivedi 6 years, 11 months ago
Japnoor Kaur 6 years, 11 months ago
Sakshi Sharma ??️??️??️ 6 years, 11 months ago
Sex Boy ????? 6 years, 11 months ago
Mehak Manchanda 6 years, 11 months ago
Mehak Manchanda 6 years, 11 months ago
Posted by Mehak Manchanda 6 years, 11 months ago
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Nikhil Dwivedi 6 years, 11 months ago
Mehak Manchanda 6 years, 11 months ago
Posted by Mehak Manchanda 6 years, 11 months ago
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Sex Boy ????? 6 years, 11 months ago
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Posted by Sakshi Sharma ??️??️??️ 6 years, 11 months ago
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Gaurav Seth 6 years, 11 months ago
Definition: This commonly-used phrase stands for 'all other things being unchanged or constant'. It is used in economics to rule out the possibility of 'other' factors changing, i.e. the specific causal relation between two variables is focused.
Posted by Ashish Joshi 6 years, 11 months ago
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Nikhil Dwivedi 6 years, 11 months ago
Yash Gupta 6 years, 11 months ago
Sakshi Sharma ??️??️??️ 6 years, 11 months ago
Gaurav Seth 6 years, 11 months ago
Supply refers to the amount of a good or service that the producers/providers are willing and able to offer to the market at various prices during a period of time. There are two important aspects of supply:
- Supply refers to what is offered for sale and not what is finally sold.
- Supply is a flow. Hence, it is a certain quantity per day or week or month, etc.
Posted by Gurkirpal Singh 6 years, 11 months ago
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Japnoor Kaur 6 years, 11 months ago
2Thank You