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    • Posted by Shalini Kumari 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 3 answers

    Maheshwari Mansi 5 years, 9 months ago

    monopolistic competition refers to market situation in which there are large number of firms which sell closely related but differentiated products .market of products like soap toothpaste AC are examples of monopolistic competition

    0Thank You

    Samidha Batra 5 years, 9 months ago

    Monopolistic competition is a market in which there are many buyers and sellers of the product but the product of each seller is different from that of the other. For example- toothpastes : colgate, close up,pepsodent etc . are all toothpastes but have different taste ,packagings , ingredients i.e., the product is differentiated.

    1Thank You

    Priyanshu Atal 5 years, 9 months ago

    Monopolistic competition is a market structure which combines elements of monopoly and competitive markets.

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    ANSWER

    • Posted by Animesh Bhatt 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by ?????? ???? . 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 3 answers

    Ritika Mehra 5 years, 9 months ago

    Normal goods are those goods whose demand increase with raise in consumer income. Inferior goods are those goods whose demand decrease with raise in consumer income.

    2Thank You

    Yogita Ingle 5 years, 9 months ago

    Normal goods: these are any goods for which demand increases when income increases, and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand. Law of demand applies here.

    Cars, diamonds, branded fashions, hi-tech products etc

    Inferior goods: is a good whose quantity demanded decreases when consumer income rises. Law of demand does not apply. Income elasticity of demand for these goods becomes negative

    Examples are cheaper cars or low quality goods. 

    1Thank You

    Aditi Maurya 5 years, 9 months ago

    Normal goods are good quality products while inferior goods are bad quality products

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    • Posted by Harsh Raj 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Yogita Ingle 5 years, 9 months ago

    Adam Smith is considered as the Father of Economics.

    1Thank You

    Anshul Maurya 5 years, 9 months ago

    Chanakya ?

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    ANSWER

    • Posted by Himanshu Chaudhary 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Kunal Raghav Gaming-Brawl Stars 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Adnan Rangrej 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 5 years, 9 months ago

    The three distinct components of economics:
    (a) Production: It simply means creation of utility. Producer also have limited means while they have a variety of goods and services to choose from. The study of production explains that, as producer, how do they choose such combination, so that their revenue is maximized.
    (b) Consumption: It is the process of using up utility, value of goods and services for the direct-satisfaction of our wants. Human wants are unlimited and no one can satisfy his all wants fully because resources to satisfy them are limited. The study of consumption explains that as consumer, how people allocate their income on the purchases of different goods and services so that their satisfaction is maximized
    (c) Distribution: The study of distribution explains the economic principle on the basis of which income is distributed among the various factor of productions, how the national income arising from what has been produced in the country is distributed through wages and salaries, profits and interest.

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    • Posted by Adnan Rangrej 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 5 years, 9 months ago

    The three distinct components of economics:
    (a) Production: It simply means creation of utility. Producer also have limited means while they have a variety of goods and services to choose from. The study of production explains that, as producer, how do they choose such combination, so that their revenue is maximized.
    (b) Consumption: It is the process of using up utility, value of goods and services for the direct-satisfaction of our wants. Human wants are unlimited and no one can satisfy his all wants fully because resources to satisfy them are limited. The study of consumption explains that as consumer, how people allocate their income on the purchases of different goods and services so that their satisfaction is maximized
    (c) Distribution: The study of distribution explains the economic principle on the basis of which income is distributed among the various factor of productions, how the national income arising from what has been produced in the country is distributed through wages and salaries, profits and interest.

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    • Posted by Archana Vyas 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Maheshwari Mansi 5 years, 9 months ago

    PPF can be convex to the origin if mrt is decreasing

    0Thank You

    Aditi Maurya 5 years, 9 months ago

    Concave to the origin

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    ANSWER

    • Posted by Najish Warsi 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Ashu Garg 5 years, 9 months ago

    0 to 1

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    • Posted by Sneha Tomar 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 6 answers

    Pia Saini 5 years, 9 months ago

    _____Smz na aaye kch to puch skte ho dubara no prblm______ ^_^

    1Thank You

    Pia Saini 5 years, 9 months ago

    Better technology leads to a fall in the cost of production. Bcz more can be produced with less additional resources . Accordingly producers are willing to suppy more at the existing price. "This implies a forward shift in suppy curve ".______

    1Thank You

    Kashish Talesara 5 years, 9 months ago

    Increase in no. of firms means increase in supply which leads to rightward shift in the supply curve.

    0Thank You

    Pritishmita Chetia 5 years, 9 months ago

    There will be rightward shift in the supply curve.

    0Thank You

    Khushi Sandhu 5 years, 9 months ago

    Supply inceases that means supply curve shift rightward

    0Thank You

    Incredible Suri 5 years, 9 months ago

    Supply curve shift rightward when no. of firms increases.

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    ANSWER

    • Posted by Abhishek Sharma 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Pia Saini 5 years, 9 months ago

    R u want all of these formula's ?

    0Thank You

    ANSWER

    • Posted by Ritik Kumar 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Pia Saini 5 years, 9 months ago

    Income = Price of good-x + price of good-y ......sry my mistake ^_^ smz na aaye to puchlena dubara

    3Thank You

    Pia Saini 5 years, 9 months ago

    Income = goodx+goody

    2Thank You

    ANSWER

    • Posted by Shibali Jha 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 3 answers

    Maheshwari Mansi 5 years, 9 months ago

    Marginal revenue is the additional revenue generated from the sale of an additional unit of output

    0Thank You

    Pritishmita Chetia 5 years, 9 months ago

    Revenue got by selling one more unit of the commodity

    0Thank You

    Sandeep Bansal 5 years, 9 months ago

    Its show additional revenue

    1Thank You

    ANSWER

    • Posted by Shibali Jha 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    ?????? ???? . 5 years, 9 months ago

    Because total revenue = price × Quantity. And Average revenue = total revenue/quantity So Average revenue = price × quantity/ quantity = price

    2Thank You

    ANSWER

    • Posted by Shibali Jha 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 4 answers

    Maheshwari Mansi 5 years, 9 months ago

    excess demand refers to a situation when quantity demanded is more than quantity supplied at the prevailing market price .under this situation market price is less than the equilibrium price

    0Thank You

    Aditi Maurya 5 years, 9 months ago

    Excess demand leads to increase in the price

    0Thank You

    Soumyadeep Paul 5 years, 9 months ago

    Competion increases among the Suppliers.

    0Thank You

    Mohit Kashyap 5 years, 9 months ago

    Hii

    1Thank You

    ANSWER

    • Posted by Anjali Kumari 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Johnson Verghese 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Sans Sharma 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Kshitij Jain 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Aditi Maurya 5 years, 9 months ago

    When slope of demand curve is 0 the price elasticity of demand is perfectly inelstic the shape of demand curve is concave under perfectly elasticity of demand consumer doesn't change its demand when price fall nd rise

    0Thank You

    ANSWER

    • Posted by Ayuah Nirala 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Surinder Singh 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Maheshwari Mansi 5 years, 9 months ago

    This problem involves selection of goods and services to be produced and the quantity to be produced of each selected commodity.the problem of what to produce has two aspects _ what possible commodities to produce and how much to produce

    1Thank You

    King Khan 5 years, 9 months ago

    It refers to what type of d Goods should be or ought to be produced by the producer

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    ANSWER

    • Posted by Sapan Mahal 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 5 years, 9 months ago

    No doubt India's GDP increasing every year. However at the same time is it developing enough as a nation? Individually, I don't feel.

    1. POVERTY: Out of 1.3 billion population, 170 million people, or 12.4% people lives in the poverty line.

    2.POPULATION: India is the second most populated country in the world. The population reached 1,324 billion. This is the primary cause of all other problems which are coming up next....

    3. HEALTH CARE: It is estimated that one in every three malnourished children in the world lives in India. HIV/AIDS in India is ranked third highest among countries with HIV-infected patients.

    4. CORRUPTION: In corruption, India ranks in 79th place out of 176 countries.

    5. CRIME: A total of 10,24,423 cases of violence against women have been registered across India in the past three years. Which includes 1,10,277 cases of rape. In 5 years, 277% rise in rape cases reported in Delhi.

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    • Posted by The Devil 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Maheshwari Mansi 5 years, 9 months ago

    As long as MP is more than ap, ap rises When MP is equals to ap, ap is at its maximum When MP is less than AP, AP falls thereafter both AP andMP Fall but MP becomes negative where as AP remains positive MP falls at a faster rate in comparison to fall in AP

    0Thank You

    Aditi Maurya 5 years, 9 months ago

    When Ap increase Mp is greater than Ap Whep Ap decrease Mp is less than Ap. When Ap =Mp Ap is at its maximum point

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    • Posted by Lota Toko 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Maheshwari Mansi 5 years, 9 months ago

    The the arrangement of raw data in ascending or descending order of magnitude is known as an array

    0Thank You

    Yogita Ingle 5 years, 9 months ago

    An array of frequencies according to variate values, which is called the frequency distribution. term "array" is often used for the individual frequency distributions which form the separate rows and columns of a bivariate table.

    0Thank You

    ANSWER

    • Posted by Sakshi Rajput 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 3 answers

    Maheshwari Mansi 5 years, 9 months ago

    Consumer equilibrium is a situation when a consumer is having maximum satisfaction with limited income and has no tendency to change his way of existing expenditure

    0Thank You

    Deepak Singh 5 years, 9 months ago

    Yes

    1Thank You

    Yogita Ingle 5 years, 9 months ago

    Equilibrium means a state of maximum satisfaction.

    Consumer’s equilibrium is a situation when he spends his given income on the purchase of one or more commodities in such a way that he gets maximum satisfaction and has no urge to change this level of consumption, given the prices of commodities.

    1Thank You

    ANSWER

    • Posted by Tanu Nandini 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Incredible Suri 5 years, 9 months ago

    In single commodity case : he is satisfied when- MUx÷ Px=MUm. In two commodity caae : MUx÷Px=MUy÷Py=MUm.

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    • Posted by Punjprakash Nima 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

    • Posted by Akshit Sharma 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Maheshwari Mansi 5 years, 9 months ago

    It is refers to fixing the maximum price of a commodity at level lower than the equilibrium price

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    ANSWER

    • Posted by Mr .Uk 5 years, 9 months ago

    CBSE > Class 11 > Economics
    • 0 answers
    ANSWER

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