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Explain the effect of following changes on the demand of a commodity a) if the price of coffee increases what happens to tea' s demand. b)Rise in the income of buyer, if the commodity is inferior.

Posted by Mohamed Ali Jinna 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

A) if the price of coffee increase then demand for tea will be increase as they are substitute goods. B) if the commodity is inferior then there is inverese or negative relationship between income and demand which means after increasing income the demand of the inferior commodity will decrease .

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Relationship between tvc Tc and tfc with the help of diagram

Posted by Archana Mittal 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

Total cost is the sum total of total variavle cost and total fixed cost. Tvc curve is parallel to tc curve as the gap between them shows tfc.

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a) if germany decided open a car manufacturing industry in india b)if banks in india decides to give more loan at less interest rates to businessmen

Posted by Mohamed Ali Jinna 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

What do you want to ask? Both situations are given but what is to be clearify.

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Calculate the arithmetic mean for the following data by direct method. 1400,2000,3400,2700,4500

Posted by Mohamed Ali Jinna 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

2800 i think

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What is stock

Posted by Sruthi Kadayam 5 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Amrit Kaur 7 years, 1 month ago

The goods remains unsold at the end of the accounting period is known as stock

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Chesta Pawan Manchanda 7 years, 1 month ago

Goods that we store fir our further sale.

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Marks obtained by 20 student are given below arrange this is an individual series 14,16,10,8,6,7,20,22,13,12,11,15,30,32,29,26,21,19,9,2.

Posted by Prashant Tiwari 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

Marks are given but what we have to find?

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Who is producer

Posted by Ayushi Upadhyaya 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Keshav Bindal 7 years, 1 month ago

The person who produce goods to generate income.

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Chesta Pawan Manchanda 7 years, 1 month ago

The person who produce goods and services with the motive of profit is called producer.

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Not show micro book

Posted by Shubham Kamboj 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Kiran Jot Toor 7 years ago

What you wanna ask

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Chesta Pawan Manchanda 7 years, 1 month ago

What do you want to ask?

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Define revenue

Posted by Sanjana Kumari 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Chesta Pawan Manchanda 7 years, 1 month ago

The whole money that a firm or a company receive by selling his product is called revenue.

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Anjali Singh 7 years, 1 month ago

Income

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Reasons for increasing returns to a factor

Posted by Pragya Pal 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

1)Better coordination between factors 2) better use of factors 3) changable factors

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What is income poverty?

Posted by Jahnabi Borah 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

income poverty is when a family's income fails to meet a federally established threshold that differs across countries. Typically it is measured with respect to families and not the individual, and is adjusted for the number of persons in a family.

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Causes of diminishing returns to a factor

Posted by Priyanshu Prakash Yadav 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

1)fixity of factor (land) 2) imperfect substitute of factor 3) less coordination between the factors

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Difference between increase in demand , decrease in demand , extention in demand and contraction ok n demand with the help of three example

Posted by Ritesh Vishwakarma 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Chesta Pawan Manchanda 7 years, 1 month ago

E.g let the earlier income is 60 rupees and by expending this consumer is willing to buy 120 quantities of good x but luckily his income increase with 120rupees now he is willing to buy 240 quantities of the same good . This is the example of increase in demand now you can easily make example of decrease in demand. E.g let the price of good x is 2rupees per unit at this price consumer is buying 4 units but when the price of good fall from 2 to 1 rupee his willingness to buy good x quantities increase with 8 to4. This is the example of extention in demand.

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Chesta Pawan Manchanda 7 years, 1 month ago

Increase in income causes increase in demand even when the price of the good remain same . Decrease in income causes decrease in demand of good .. and otger factors remain constant. Extention of demand means increase quantity demand when price of good falls. Contraction of demand means decrease in quantity demand when price of good rise . In both cases price and income effects the demand curve and other factors remain constant

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What are the uses of mode

Posted by Shweta Aggarwal 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

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How to produce?

Posted by Mesuk Cheda 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Gurnoor Singh 7 years, 1 month ago

It is a problem of choice when we have to select between consumer goods and capital goods ...both are important for gdp growth....consumer good helps in present growth whereas capital good helps in future growth...thats what is how to produce......

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Time series graph ALG

Posted by Navjot Singh 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

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Distinguished between positive and normative economics

Posted by Vikram Kumar Gupta 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

Positive economy is that which deals with the issues based on present thing what is ,what was and what will be . It can be verified on truth .these statements do not reflect any value judgements or opinion. Normative economy is the economics of what ought to be. It deals with opinion of the economist related to economic issue . These Statements reflect judgement or opinions .it can not be verified as truth.

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Should both Total product and Marginal product be declining in a situation of diminishing return?

Posted by Indresh Sonker 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

I think yes because in both first is increasing rate than decrease and finally zero or negative

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Do you agree that, Total product must decreases in a situation of diminishing return?

Posted by Indresh Sonker 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

Yes because law of variable proportiona states that

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What do you mean by public sector

Posted by Sagar Raj 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Priya Dharshini ☺☺ 7 years, 1 month ago

Private Sector and Public Sector There are all kinds of business organisations small or large organisation, privately owned or government owned existing.In our country. ... The departmental undertaking one of the departments of government.

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How to measure utility

Posted by Mukul Bandewar 5 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

By cardinal measurement when consumer express his statisfaction in number these numbers are called cardinal number. This is called cardinal measurement.e.g 1,2,3etc

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Acknowgement about impact of digital india in indian economy

Posted by Ankit Raghuwanshi 7 years, 1 month ago

CBSE > Class 11 > Economics