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  • 2 answers

Saurav Jha 5 years, 8 months ago

Elastic demand

Neeraj Baniwal 5 years, 9 months ago

Inelastic
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Inder Yadav 5 years, 8 months ago

This is the cost which we add in our book but we can't spend anything. For example: one day our ane labour is absent for emergency so we can do the work in place of labour and we can't get any money but we note in our transaction.
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Saloni Jain 5 years, 8 months ago

Use the empirical formula

Sans Sharma 5 years, 8 months ago

15.595

Bhoomi Kabra 5 years, 9 months ago

Yes but give me answer please

Gaurav Gupta 5 years, 9 months ago

Most imp method in dispersion chapter which come in exam
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Inder Yadav 5 years, 8 months ago

Normal goods are high quality goods. When the income of the consumer increase then he buy High quality goods.

Sans Sharma 5 years, 8 months ago

Demand of normal goods also increase because their is positive relation between demand and income in case of normal goods

Harsh Raghav 5 years, 9 months ago

If tg income of tge consumer increase so demand of tge comodity also increases
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Yogita Ingle 5 years, 9 months ago

Resources such as land, labour and capital are limited in relation to their demand and economy cannot not produce all that people required to satisfy themselves. This is why the existence of economic problems in an economy. Scarcity is universal which is applicable to all individuals, institutions and economy as a whole. If there is abundant or sufficient resources then there will not be any problem in an economy. Hence, scarcity leads to economic problem.

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Yogita Ingle 5 years, 9 months ago

(i) Increase in input prices: Change in price of raw material and remuneration of factors, (rent, wages, interest and profit) influence the cost of production of a commodity and thereby its supply. An increase in price of inputs, will increase the cost of production leading to a reduction in profit. This will make the producer reduce the supply of the commodity, shifting the supply curve to the left.
(ii) Reduction in per unit tax: Government levies various taxes on production of goods, e.g., excise duty, etc. Such taxes influence supply because it adds to the cost of production. Reduction in per unit tax levied by the government will decrease the cost of production and increase supply by the firms due to higher profit margins. In this case the supply curve will shift towards the right.

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Abhijeet Singh Rathore 5 years, 9 months ago

refers to the quantity of a commodity that a consumer is willing and able to buy ,at each possible price during a given period of time
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Yogita Ingle 5 years, 9 months ago

An indifference curve is a graphical representation of a combined products that gives similar kind of satisfaction to a consumer thereby making them indifferent.Every point on the indifference curve shows that an individual or a consumer is indifferent between the two products as it gives him the same kind of utility.

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Nivethitha Gopinathan 5 years, 9 months ago

Supply price changes stock is fixed price. Supply is a given period of time whereas stock is the particular point of time
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Nivethitha Gopinathan 5 years, 9 months ago

Supply price changes but stock price is fixed Supply is a period of time whereas stock is the particular point of time
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Sans Sharma 5 years, 8 months ago

M-1/2*i(lower limit)

Aditya Agarwal 5 years, 9 months ago

▪︎First calculate the difference between 2 mid values. ▪︎Then, calcute its half. ▪︎After that subtract it with the midvalue to get lower class limit and add it to the midvalue to get the upper class limit.
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Yogita Ingle 5 years, 9 months ago

The nature 'U' shaped short-run Average Cost curve can be attributed to the law of variable proportions. ... Thus, the Average Costs of the firms continue to fall as output increases because it operates under the increasing returns due to various internal economies.

It's a U-shaped curve. Initially, the variable cost per unit of output decreases as output increases. ... After the low, the variable cost per unit of output starts to increase. The increase in AVC after a certain point is indirectly related to the law of diminishing marginal returns

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Tanu Agarwal 5 years, 9 months ago

When other things remain constant there is an inverse relationship between price and quantity demand
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꧁Gสᴍe CђสNger꧂ 5 years, 9 months ago

FOllowing are the properties: 1.indiffrence curve are always convex to origin. 2.indiffrence curve slopes downwards. 3.indiffrence curve can never intersect each other. 4.higher indifference curves represent higher level of satisfaction.
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