CBSE > Class 12 > Economics | CBSE Board | Homework Help

??I think it will be highly inelastic as the demand for rare articles will not change ...elastic demand will not occur ...demand will remain almost constant ..Soo it will be HIGHLY INELASTIC DEMAND ..??

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Roshni Bhatia 6 years, 7 months ago

Elasticity of demand will be high as rare articles are highly priced

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ANSWER

Producer equillibrium by MR and MC approach in perfect competetion

Posted by Yash Bohra 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Mohammed Imran 6 years, 7 months ago

It remains x axis straight line parallel to access

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Vibhuti Kuhar 6 years, 7 months ago

Under perfect comptetion we have to state MR-MC appeoach when price remain same

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ANSWER

What will be the shape of demand curve for giffen goods

Posted by Varsha Mudgal 6 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Nishika Arora 6 years, 7 months ago

correct answer is upward sloping straight line

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Yash Bohra 6 years, 7 months ago

U have to make the demand curve by yourself as demand for giffen goods is based on the income of the consumer

1Thank You

Vidushi Khurana 6 years, 7 months ago

Backward bending

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ANSWER

Arrange the following coefficient of price elasticity of demand in ascending order -o.87 , -0.7,-0.56

Posted by Aarti Rawat 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Charu Gautam 6 years, 7 months ago

-0.56, -0.7, -0.87

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ANSWER

when price of a good is rupees 12 per unit its demand is 30 units due to increase in price of that good up to rupees 15 per unit the demand if that good decreases up to 20 units comment on the coefficient of price elasticity of demand

Posted by Aarti Rawat 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Avadhi Badjatya 6 years, 7 months ago

Ans .Ed=1.33 (Highly elastic demand i.e. Ed>1)

1Thank You

ANSWER

At what rate TR of the firm will increase if it is facing a perfect elastic demand curve and price of the product happens to ₹10 per unit give logical reasoning and also show that AR = price

Posted by Rakshit Chakarvarti 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Roshni Bhatia 6 years, 7 months ago

When a firm has perfectly elastic demand ,this implies that AR curve(demand curve) is horizontal straight line. This keans firm is in perfect competetion. So, MR=AR. AR is constant in perfectly competitive market. TR will increase at constant rate

1Thank You

Nishika Arora 6 years, 7 months ago

TR will increase at the rate of 10 rs bczz under perfect competition market MR equals AR and MR is the rate at which TR rises .... TR= price*quantity and AR equals TR divide by qty by substituting value of TR u will get AR equals price.....

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ANSWER

impact of skill india mission on ppc and how

Posted by Poonam Goyal 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Nishika Arora 6 years, 7 months ago

ppc will shift rightward because skill india mission improves the quality of human resource of the country and ppc shifts when either quality or quantity of resources improves or rises

2Thank You

ANSWER

Define total cost?

Posted by Ranjan Kumar 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Poonam Goyal 6 years, 7 months ago

fixed cost+ variable cost

1Thank You

ANSWER

What is circular flow

Posted by Meenu Joon 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Vibhuti Kuhar 6 years, 7 months ago

Circular flow of income refers to flow of goods ands services from firms to household and in correspondence flow of consumption expenditure from household to firms on goods and services produced by them

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ANSWER

Ice cream sells for Rs.20, mohini has already consumed 4 ice creams. Her marginal utility of one rupee is 4. Should she consume more ice creams or stop the consumption? Explain.

Posted by Preet Arora 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Aman Nagar 6 years, 7 months ago

She will stop because she reaches her equilibrium point . MUx= 80, Px=20,MUm= 4. MUx/Px=MUm

4Thank You

ANSWER

Hii kitne marks ke numericals aayegein or kon kon se chapters mein se.

Posted by Seema Sharma 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Seema Sharma 5 years, 7 months ago

Hlo is baar ka course kya aaraha hai economics ka 2020-21 ka.

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Aman Nagar 6 years, 7 months ago

3 ya 4 marks numerical ch 6 ya 11 se ( micro),3 ya 4 marks ka ch 8 se ( micro), 6 marks ch 3 (macro).

3Thank You

ANSWER

The market price of us dollars has increased considerably leading to rise in prices of import of essential goods . What can central bank do to ease the situation?

Posted by Lakshay Garg 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Aman Nagar 6 years, 7 months ago

The central bank can do manage floating.

1Thank You

ANSWER

Can't you all go and learn by yourself than asking from someone else whom you don't know and give full trust on them .........go and self study ....learn what you can in these two days ok.....be yourself....

Posted by Mihir Verma 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Secretmonnie Kimjoon 6 years, 7 months ago

I can see you're still bothering to look at the "ask and answer" section, Prolly "seeking" for answers IDK. The app has this feature so the users are using it. You be yourself instead and let others learn their ways. :)

3Thank You

Charu Gautam 6 years, 7 months ago

Oh nice views but sometimes we shld trust eachother

1Thank You

ANSWER

Implication if fuscal deficit,revenue deficit,primary deficit.

Posted by Jhalak Gupta 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Abhishek Attri 6 years, 7 months ago

Low gdp growth ,,National debt ,,crowding out affect

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ANSWER

Which topics of macro and micro economics have been deleted??

Posted by Shivam Thakur 6 years, 7 months ago

CBSE > Class 12 > Economics

4 answers

Mohammed Imran 6 years, 7 months ago

? and banking as some deleted

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Bharti Kanojia 6 years, 7 months ago

No chapter is deleted

1Thank You

Tripti Jha 6 years, 7 months ago

I don't think any chapter is deleted from micro , in macro Private Disposal Income topic is deleted

2Thank You

Radhika Gumber 6 years, 7 months ago

macro personal and national disposable income

2Thank You

ANSWER

Formula of linear saving function

Posted by Arpita Yogi 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Soumya Mohnani 6 years, 7 months ago

Ç+(mps)y , where ç is autonomus consumption

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Mihir Verma 6 years, 7 months ago

-a+(1-b)Y, where -a=dissaving ,b=mpc and Y =national income

1Thank You

ANSWER

Investment which remain constant at every level of output is known as ?

Posted by Arpita Yogi 6 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Bharti Kanojia 6 years, 7 months ago

Yes investment will remain autonoumus

1Thank You

Esha Sharma 6 years, 7 months ago

Autonomous investment

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Mihir Verma 6 years, 7 months ago

autonomous investment

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ANSWER

WHAT IS SIMILAR BETWEEN THE SAMPLE PAPER ISSUED BY CBSE AND THE MAIN QUESTION PAPER

Posted by Sankalp Agrawal 6 years, 7 months ago

CBSE > Class 12 > Economics

4 answers

Soumya Mohnani 6 years, 7 months ago

Its a rough idea about the final paper

0Thank You

Yogita Kandwal 6 years, 7 months ago

Nothing comes from it

0Thank You

Sanya Sharma 6 years, 7 months ago

They are repeating a lot of questions this year from the sample paper issued.

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Mihir Verma 6 years, 7 months ago

nothing

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ANSWER

A seller cannot influence tha market price under

Posted by Deepak Kumar Gupta 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Soumya Mohnani 6 years, 7 months ago

Perfect competition

0Thank You

Mihir Verma 6 years, 7 months ago

perfect competition and perfect oligopoly

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ANSWER

Payment of brokerage is estimated and payment of fees to lawyer and CA is not estimated while calculating national income WHY???

Posted by Aman Nagar 6 years, 7 months ago

CBSE > Class 12 > Economics

4 answers

Charu Gautam 6 years, 7 months ago

Services ate treated as a part of intermediate consumption ,accordingly payment of fees to lawyer orCA engaged by a firm is not to be included

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Indrajeet Singh Arora 6 years, 7 months ago

All this transaction mentioned by YOU iare unilateral ( one sided in nature).It does not involve any productive service (i.e the services which are incurred on factors of production ) and also not involve any consideration in return . This was the reason for exclusion for such transaction from national income eatimation .

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Aman Nagar 6 years, 7 months ago

But Sankalp lawyer bhi toh service provide karta h

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Sankalp Agrawal 6 years, 7 months ago

Yes. Because it is a payment of service render by him

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ANSWER

Given the price of a good how will the consumer make a decision to buy the product

Posted by Nandani Maloo 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Esha Sharma 6 years, 7 months ago

He will buy the good as long as the utility derived from it is equal to or greater than the price paid for the good.

1Thank You

ANSWER

Explain the impact of rise in foreign exchange rate on national income

Posted by Swati Jain 6 years, 7 months ago

CBSE > Class 12 > Economics

5 answers

Indrajeet Singh Arora 6 years, 7 months ago

Due to this, the foriegn country can purchase more of goods by paying the same amount of foreign currency from the domestic country . As a result export will rise and imports will fall. A rise in exports raise AD .Hence, domestic currency depreciates and this inturn increase the national income

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Aman Nagar 6 years, 7 months ago

Rise in foreign exchange rate will leads to increase in net export and net export is a component of national income . Thus , national income will increase.

1Thank You

Aman Nagar 6 years, 7 months ago

You are wrong Nandani

1Thank You

Nandani Maloo 6 years, 7 months ago

Sorrry, forex rate increase would make exports costlier and NY will falll , m really sorry for d mistake

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Nandani Maloo 6 years, 7 months ago

Increase in foreign exchange will make imports expensive due to which imports would , this would result in rise in national income

1Thank You

ANSWER

What is production possibility curve

Posted by Udit Chauhan 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Jhalak Gupta 6 years, 7 months ago

Production possiblity curve is a diagrammatic representation which shows diffrence between two commodity and which producer produce with the given resources and technique of production.

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Sankalp Agrawal 6 years, 7 months ago

Production possibility curve is a curve representing various combination of goods which can be produced with given resources.(being technology remaining constant

1Thank You

ANSWER

Define investment multiplier

Posted by Manan Chugh 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Yogita Kandwal 6 years, 7 months ago

It refers to ratio between increase in income to increase in investment

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Esha Sharma 6 years, 7 months ago

It refers to the rate at which national income increases due to an increase on investment. K=∆Y/∆I

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ANSWER

Define dissaving

Posted by Arpita Yogi 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Esha Sharma 6 years, 7 months ago

It is the point before break-even point where there is autonomous consumption. At this point consumption is greater than income and savings are negative.

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ANSWER

What is banking

Posted by Goutam Mittal 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Gaurav Seth 6 years, 7 months ago

Banking Companies Act 1949 defines, “Banking means the accepting for the purpose of lending or investments of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheques, draft, order or otherwise”.
Clearly the two essential features of a bank are (i) Acceptance of chequable deposits from the public, and (ii) lending. One function like borrowing (in the form of deposits) or lending alone does not make a financial institution a bank. For example, since Post Office Saving Banks do not perform the essential function of lending, although they accept deposits, they are not banks in the real sense of the term. Similarly, financial institutions like UTI, LIC, etc. are not banks, because they do not accept chequable deposits although they lend to others.

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ANSWER

Breif explanation of keynesian theroy of employment... AD-AS approach

Posted by Yukta Grover 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Harshita Marwaha 6 years, 7 months ago

In this question you just have to tell the relation between AD-AS and then tell that As curve is always straight line and makes an angle of 45 degree.

1Thank You

Sankalp Agrawal 6 years, 7 months ago

REFER TO TR JAIN MACROECONOMICS SHORT RUN EQUILIBRIUM

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ANSWER

Psychological law of consumption

Posted by Yukta Grover 6 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Radhika Gumber 6 years, 7 months ago

repo rate is the rate at which the central bank of a country lend money to commercial bank to meet their short term needs.

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Esha Sharma 6 years, 7 months ago

It is another name for law of Diminishing Marginal Utility which states that as we consume more and more units of a commodity utility derived from each successive unit keeps on decreasing.

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Gurpreet Singh 6 years, 7 months ago

What is repo rate

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ANSWER