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Yogita Ingle 6 years, 11 months ago
Price of goods depend on a lot of factors which include price of other goods, cost of production, type of goods etc.
When a good is scarce means its availability is falling short of demand. To clear the excess demand price rises and thus goods command higher prices.
Suppose, a market is in equilibrium. The part below the equilibrium is the part showing excess demand. To restore equilibrium, either the supply has to increase or price rises along demand curve.
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Concepts Of Investment Multiplier
1. Investment Multiplier
Meaning: The ratio of change in national income (ΔY) due to a change in investment (ΔI) is known as multiplier (K).






Posted by Vhgx Gdv 6 years, 11 months ago
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Break Even Point: Break even for a firm occurs when it is able to cover its all costs of production. Accordingly, break- even point is defined as a situation when TR= TC or AR = AC Under this situation, the firm earns only normal profits.
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Yogita Ingle 6 years, 11 months ago
Initially, Total Variable Cost increases at decreasing rate and eventually, it increases at an increasing rate. The total variable cost is the cost that varies with the change in the level of output and hence it increases as output increases and decreases as output decreases.

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Cbse Student 6 years, 11 months ago
1Thank You