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    • Posted by Asha Sharma 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 0 answers
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    • Posted by Abhishek Raj 6 years, 1 month ago

    CBSE > Class 11 > Economics
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    • Posted by Krish Kapadia 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 6 years, 1 month ago

    Equilibrium price refers to the price at which market demand is equal to market supply, which means where there is no excess demand or excess supply.

    When price will rise above the equilibrium price, demand will be less than supply i.e. there will be excess supply in the market.

    Excess supply of a good creates competition among the sellers of the good, because the sellers will not be able to sell all they want to sell at the existing price. This leads to fall in price of the good.

    With fall in price of goods there will be rise in demand. The change will continue till demand for the good equals to its supply and the market is in equilibrium again. Thus, equilibrium price will be restored through the free play of market forces.

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    • Posted by Krish Kapadia 6 years, 1 month ago

    CBSE > Class 11 > Economics
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    Aradhana Dogra 6 years, 1 month ago

    Factor that affect axis of supply are increase in supply that is right to worship and decrease in supply that is left shift

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    • Posted by Kamal Gurung 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 6 years, 1 month ago

    Measures of Dispersion:
    (i) Range
    (ii) Inter quartile range
    (iii) Quartile deviation or Semi-Inter-quartile range
    (iv) Mean deviation
    (v) Standard Deviation
    (vi) Lorenz curve

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    • Posted by Piyush Mishra 6 years, 1 month ago

    CBSE > Class 11 > Economics
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    • Posted by Raghunath Rathour 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 2 answers

    Shibali Jha 6 years, 1 month ago

    How to produce means the selection of technique for production . It has 2 aspects ÷ 1 labour intensive technique: it means more labour and less capital. 2 capital intensive technique: it means more capital and less labour.

    1Thank You

    Asha Sharma 6 years, 1 month ago

    Once the decision regarding the goods to be produced is taken, the next problem as to what techniques should be adopted to produce the commodity arises. This function is related to the allocation of resources to production techniques which have to be employed during the production of goods and services.

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    • Posted by Ishaan Bansal 6 years, 1 month ago

    CBSE > Class 11 > Economics
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    • Posted by Sanskriti Mantri 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 6 years, 1 month ago

     The shut-down point refers to a situation when the firm is able to cover its variable cost only i.e AR = AVC.
     At the shutdown point, the firm incurs a loss of fixed cost. The firm does not stop the production at this point as the fixed cost will still be incurred. However, if the price falls and the firm is unable to cover even it's variable cost then it will shut down the operations.

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    • Posted by Sanskriti Mantri 6 years, 1 month ago

    CBSE > Class 11 > Economics
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    • Posted by Ratnesh Raut 6 years, 1 month ago

    CBSE > Class 11 > Economics
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    • Posted by Om Parkash Gupta 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 6 years, 1 month ago

    Basis for Differentiation Positive Economics Normative Economics
    Meaning A part of economics grounded on the information and certainty is positive economics. A part of economics grounded on values, perspectives and discernment is normative economics.
    Nature Illustrative Dictatorial
    Outlook Objective Subjective
    Deals with? What actually is? What has to be?
    Testing (Trial) Statements can be tested Statements cannot be tested
    Economic problems Evidently elucidates the economic concerns and issues. Provides a solution for the economic concerns, based on the value

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    • Posted by Raj Kumar 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 0 answers
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    • Posted by Isha Kumari 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 1 answers

    Raj Kumar 6 years, 1 month ago

    Increase in demand cause a situation of excess demand Due to excess demand price will rise Rise in price leads ton extension of supply and contraction of demand This process will continue til the producer will get a new equilibrium point

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    • Posted by Renuka Mahato 6 years, 1 month ago

    CBSE > Class 11 > Economics
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    • Posted by Chirayu Parashar 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 1 answers

    Mayank Kumar 6 years, 1 month ago

    Law of Diminishing Marginal Utility(DMU) states that as we consume more and more units of a commodity the utility derived from each successive unit goes on decrease

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    • Posted by Ranjana Yadav 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 0 answers
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    • Posted by Annandita Roy 6 years, 1 month ago

    CBSE > Class 11 > Economics
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    • Posted by Om Prakash Patlani 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 2 answers

    Sahil Sharma 6 years, 1 month ago

    Formula

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    Yogita Ingle 6 years, 1 month ago

    Variable factors refer to those factors, which can be changed in the short run. They vary directly with the output. For example, Labour, raw material, etc.

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    • Posted by Chaharia Basumatary 6 years, 1 month ago

    CBSE > Class 11 > Economics
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    • Posted by Binayak Dixit 6 years, 1 month ago

    CBSE > Class 11 > Economics
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    • Posted by Sheetal Sharma 6 years, 1 month ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 6 years, 1 month ago

    Discrete Variable: A discrete variable can take only certain values.Its value changes only by finite ‘jumps’. It jumps from one values to another but does not take any intermediate value between them.
    For example, in number of students in class Xlth could be 1,2,4,10,11,15,20, etc.

    Continuous Variable : A continuous variable is the one which can take any value in a specified interval.
    For example, temperature recorded of patients a hospital, wages of all workers in a factory, etc.

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    • Posted by Bhavi Golchha 6 years, 2 months ago

    CBSE > Class 11 > Economics
    • 0 answers
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    • Posted by Aditya Garg 6 years, 2 months ago

    CBSE > Class 11 > Economics
    • 3 answers

    Neetu Singh 6 years, 1 month ago

    Economics is a science of human behavior concerned with allocation of scarce resources/means in such a manner that consumers can maximise their satisfaction, producers can maximise their profits and the society can maximise its social welfare

    0Thank You

    Harshil Chhajer 6 years, 1 month ago

    Economics is the study of choice and decision making in a world with limited resources

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    Bhavi Golchha 6 years, 2 months ago

    economics is a surrounding where people work to earn their livehood.

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    3.5

    • Posted by Soumya Rani Barik 6 years, 2 months ago

    CBSE > Class 11 > Economics
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    • Posted by Joram Tajo 6 years, 2 months ago

    CBSE > Class 11 > Economics
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    • Posted by Arti Maurya 6 years, 2 months ago

    CBSE > Class 11 > Economics
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    • Posted by Gogoa Khongsai 6 years, 2 months ago

    CBSE > Class 11 > Economics
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    • Posted by Meghan Mii 6 years, 2 months ago

    CBSE > Class 11 > Economics
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    • Posted by Sandeep Yadav 6 years, 2 months ago

    CBSE > Class 11 > Economics
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