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If equilibrium price of a good is greater than its market price, explain all the changes that will take place in the market. Use a schedule

Posted by Ankita Majhi 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Nishu Ahlawat 7 years, 1 month ago

,There will be excess demad. Competition will increase in the market

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Define colonialism.

Posted by Akib Ahmad 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Prateek Seth 7 years, 1 month ago

Colonialism is the policy of a foreign polity seeking to extend or retain its authority over other people or territories, generally with the aim of opening trade opportunities.. By the way which chapter includes it?

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Explain the components of money supply used by Central Bank in India.

Posted by Aashwin Singh 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Tanisha Garg 7 years, 1 month ago

1.Currency held by the people of a country 2. Demand deposits of commercial banks 3.other deposit with rbi

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What is the minimum value of multiplier and why

Posted by Dk Khanna 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Dk Khanna 7 years, 1 month ago

Tysm?

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Gaurav Seth 7 years, 1 month ago

Minimum and maximum value of multiplier. Value of K depends upon value of MPC or MPS. We know size of MPC cannot be negative, it can be, at the most, zero (minimum value) and maximum value can be 1. Let us take two extreme values (1 and 0) of MPC to find out value of K.
(i) Minimum value of multiplier is l. How?
When MPC = 0, then MPS = 1 – 0 = 1. Hence,
(ii) Maximum value of K may be ∞ (infinity). How?
When MPC = 1, then MPS = 1 – 1 = 0. Hence
Between these two extremes (1 and infinity), value of multiplier varies depending upon value of MPC.

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What is the series of changes that'll take place if market price is greater than eqillibrium price?

Posted by Oishani Saikia 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 7 years, 1 month ago

When the price is above the equilibrium market price of a good (OP), the price ceiling leads to excess of supply. In the diagram, the equilibrium price and quantity are OP and OQ. As the equilibrium price is low for farmers, the government fixes the price floor, i.e. the price level increased from OP to OP1 which leads to a decline in the quantity demand, and therefore, there is excess supply in the market. Here, the competition will increase among the sellers, and hence, the price will come down to the equilibrium point where market demand is equal to market supply.

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What is Hedging?

Posted by Jhalak Gupta 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Dk Khanna 7 years, 1 month ago

It is a function of foreign exchange market which implies protection againt risks related to variations in exchange rate

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Zeenat Anees 7 years, 1 month ago

When the business man decide to do payment in future and because of some external forces the exchange rate of currency increase or decrease so they decide that they will not pay with new exchange rate but with the old so that no one will bear loss and extra profit

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What s devalution or revalution?

Posted by Jhalak Gupta 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Tanu Saharawat 7 years, 1 month ago

DEVALUATION:- When more unit of domestic currency are require to get one more unit of foreign exchange under fix exchange rate system it is known as devaluation of domestic currency in terms of foreign currency REVALUATION :- When less unit of domestic currency are require to get 1 more unit of foreign currency it is known as revaluation of domestic currency in terms of foreign currency

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Explain the producer equilibrium with the help of numerical

Posted by Deepali Gandhi 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Ashwani Karsh 7 years, 1 month ago

Producer equilibrium are realeted short run and variable factors increasing and keep other factors constant and total factor increasing rate and decreasing than nagative slops.. VF⬆ OT- TF⬆⬇ than -tve

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Explain why there are only few firms in on oligopoliy market

Posted by Riya Patidar 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Prateek Seth 7 years, 1 month ago

Because firms in oligopoly are largely created through patent rights... This implies if new firm wants to establish then it should come with its own technology that's not easy to do so.. That's why there are limited firms

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why C curve does not start from origin.

Posted by Tarun Singh 7 years, 1 month ago

CBSE > Class 12 > Economics

3 answers

Tanisha Garg 7 years, 1 month ago

BecUse there is always minimum level of consumption even at zero level of income which leads to negative borrowing

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Prachi Gupta 7 years, 1 month ago

coz consumption cnt b 0 we have to consume some amount even with 0 income

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Ishika Singla 7 years, 1 month ago

Because consumption is never zero even if income is zero

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What are scarce resources?

Posted by Yashu C 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Nabanita Patra 7 years, 1 month ago

According to our wants their r limited resources. .. Ex- we have 100 rupees but we have to do shopping, eating, washing movei but its scarce... we can do minimum 1 thing which give u more satisfying. .

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Tanisha Garg 7 years, 1 month ago

Scarce resources means limited availability of resources

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why ppc is concave to the origin

Posted by Sakshee Singh 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Yogita Ingle 7 years, 1 month ago

Production Possibility Curve (PPC) is concave to the origin because of the increasing opportunity cost. As we move down along the PPC, to produce each additional unit of one good, more and more units of other good need to be sacrificed. That is, as we move down along the PPC, the opportunity cost increases. And this causes the concave shape of PPC.

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Savita Sahu 7 years, 1 month ago

Because of MRS anD downward sloping from right to left

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Explain normal goods and infearial good and effect price of good...

Posted by Ashwani Karsh 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Ashwani Karsh 7 years, 1 month ago

Very good right answers

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Savita Sahu 7 years, 1 month ago

Normal good has a direct relationship with income while inferior has indirect relationship. IF price of normal good increasing then demand will decrease... And vice versa in inferior good.

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Objective of government budget?

Posted by Vinita Khetwal 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Anjali Parsad 7 years, 1 month ago

GDP growth Economic stability Balanced regional growth Redistributed of income Employment opportunities Allocation of resources

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Ashwani Karsh 7 years, 1 month ago

- Reallocation of resource - distribution of activity - economic growth

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Consumer equilibrium two commodity case

Posted by Amit Saharan 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Savita Sahu 7 years, 1 month ago

First give its defination -consumer equilibrium is a situation when consumer strikes its maximum satisfaction by consuming two good.. i.e good X ans good Y. -consumer will strikes its equilibrium when #MUx/Px=MUy/py #law of DMU must hold the goods I) explain what happen when mux/px greater than muy/py and smaller then.... Ii) explain law of dmu Complete

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Excess demand and excess supply

Posted by Mohd. Hamza 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Shreya Garg 5 years, 11 months ago

Excess demand is a situation where demand is more then supply. Excess supply is a situation where supply is more then demand.

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State the relations between MR and TR with a daigram when the price falls

Posted by Rajneesh Jyani 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Ashwani Karsh 7 years, 1 month ago

It's are rilated short run and variable factor increase and keep other factors constant and total factor increasing rate and decrising than nagative slops MR = TR

1Thank You

Rajip Chowdhury 7 years, 1 month ago

When price falls it is the case of imperfect competition were the producer reduces the price to increase it's revenue by increasing it's sale. With the fall in price TR increases at a decreaseing rate and marginal revenue keeps on failing. When TR reached at its maximum point then MR becomes zero. If the producer increases it's sale any longer tr falls and marginal revenue becomes negative.

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State the relations between MR and TR with

Posted by Rajneesh Jyani 7 years, 1 month ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Explain with the helpof numerical example the meaning of diminshing marginal rate of substitution

Posted by Deepali Gandhi 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Shreya Garg 7 years, 1 month ago

It is the rate at which units of one good are sacrifised to produce an additional unit of other commodity. Production. Goodx. Goody.Moc. Mrt A. O. 15 B. 1. 14. 1. 1y:1x C. 2. 12. 2. 2y:1x D. 3. 9. 3. 3y:1x E. 4. 5. 4. 4y:1x

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Explain the role of the following in correcting inflationary gap in an economy (a) open market operation (b) bank rate

Posted by Satakshi Choubey 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Zeenat Anees 7 years, 1 month ago

Open market is the place where RBI sell its securities so at the time of inflationary gap the will sell more securities to soak the money from market and then inflatinary gap will decrease. And bank rate is the rate at with RBI give loan to commercial bank so if RBI with increase this rate bank will take less loan and they will give less credit to general people and inflatinary gap will decrease

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State whethr luxuries are elastic or inelastic? FOR 3 Marks...

Posted by Seema Pal 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Ritu Manon 7 years, 1 month ago

Elastic as a person can even live without them . He will buy them only if he has money left after fulfilling his basic necessities.

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As the level of output varies what happens to the cost ?

Posted by Muskan Megha 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Ritu Manon 7 years, 1 month ago

As output increases total cost remains same but variable cost first falls then rises thats why TVC curve is also first concave and then convex

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Why bop is balance

Posted by Rohit Kuma 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Muskan Megha 7 years, 1 month ago

Because the two aspects i.e debit and credit balance should be equal. So,each transaction are recorded equal in amount but appear at opposite sides thatswhy bop is always balance.

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Explain the 'government bank ' function of central bank?

Posted by Abhinav Minz 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Pragya Tyagi 7 years, 1 month ago

The question is about central bank being the banker to the govt and not commercial banks..@Gaurav Seth.

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Gaurav Seth 7 years, 1 month ago

The central bank being the apex bank of a country, serve as a banker to all the commercial banks in the country. The reserves of the commercial banks are held by the central bank. These reserves serve as a pool from which the central bank advances money to the commercial banks in times of financial crisis. The central bank supervises, regulates the commercial banks and helps them in case of any financial exigencies.

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State one example of normative economics

Posted by Arsh Randhawa 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 7 years, 1 month ago

Examples of normative statements include: "Women should be granted higher-value education loans compared to those provided to men," "Laborers should receive greater parts of capitalist profits," and "Working citizens should not pay for hospital care."

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In cost ch how to fill up numerical questiin

Posted by Lokesh Lalwani 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Pragya Tyagi 7 years, 1 month ago

By learning the fomulae

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Parichay Story 7 years, 1 month ago

Give the ques...

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Bus purchased by school is intermidate OR Final good

Posted by Deep Singh 7 years, 1 month ago

CBSE > Class 12 > Economics

3 answers

Parichay Story 7 years, 1 month ago

Final good because of the investment purpose.

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Aniket Gurjar 7 years, 1 month ago

It is final good as it is part of gross domestic capital formation..

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Shreya Garg 7 years, 1 month ago

Final good because they are using it

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Modi gov has cancel the legal tender of 500and 1000 notes in indian economy name the concept

Posted by Vishal Arora 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Anjali Parsad 7 years, 1 month ago

8 November 2015,th government of India announced the demonstration of all 500&1000notes

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Gaurav Seth 7 years, 1 month ago

demonetisation

On 8 November 2016, the Government of India announced the demonetisation of all 500 and 1000 banknotes of the Mahatma Gandhi Series.

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What is meant by moral sausion?

Posted by Praharshith Maurya 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Nitin Nainani 7 years, 1 month ago

When central bank applies pressure and persuasion on commercial banks to act in accordance to cental bank's policy.

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Savita Sahu 7 years, 1 month ago

When the central bank just requests to commercial bank to increase or decrease its credit creation when there is huge fluctuation in the economy i.e inflation or deflation

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National Income by value added method

Posted by Sangram Kumar 7 years, 1 month ago

CBSE > Class 12 > Economics