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

AD<AS....this is the condition leading to deflationary gap. Here supply is more where as demand is less hence, the producer will force to sell his product at also low price to clear his stock.

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Explain MRS With an example

Posted by Krenu Renu 7 years, 6 months ago

CBSE > Class 12 > Economics

0 answers

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What is concept of leakage and injection in circular flow?

Posted by Sarthak Khanna 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Syed Khabib 7 years, 6 months ago

Leakage refers to withdrawal of money from the circular flow of income. Injection refers to introduction of money in the circular flow of income.

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State law of demand?

Posted by Sarthak Khanna 7 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Sonali Aggarwal 7 years, 6 months ago

In microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases (↑), quantity demanded decreases (↓); conversely, as the price of a good decreases (↓), quantity demanded increases (↑)".

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Syed Khabib 7 years, 6 months ago

Law of demand state that other things remains constant, when own price of a commodity rises its demand fall and when its price fall its demand rises.There is negative relationship between price and quantity demanded of a commodity.

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Explain what can led to change in budget set?

Posted by Sarthak Khanna 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Sonali Aggarwal 7 years, 6 months ago

Changes inimn on income of a consumer . If money income increases, a consumer can buy more of both goods. The reverse happens if money income decreases.
The prices of the goods change. At higher prices, less quantity of a good can be bought and hence the consumer preference will change.

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What is meant by an economic problem

Posted by Atif Khan 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Syed Khabib 7 years, 6 months ago

Economic problem refers to the problems of an economy which arises due to the fact that resources are scares and they have alternative uses.

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Impact of National Rural Employment Gurantee Act on ppc

Posted by Sakshi Kumari 7 years, 6 months ago

CBSE > Class 12 > Economics

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What is the impact of Pradhan Mantri Kushal Vikas Yojana on ppc and why?

Posted by Sakshi Kumari 7 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Yukti Katariya 7 years, 6 months ago

PPC curve shifts rightward direction

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What is the Impact of Make in India on ppc and why?

Posted by Sakshi Kumari 7 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Yukti Katariya 7 years, 6 months ago

When investment increases by make in India, it will as ppc shift rightward as production will increase. It represent economy growth. The ppc will shift towards the right as the economy can produce more of both the goods.

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H!Mαη$Hμ Ұαδαυ ✔️ 7 years, 6 months ago

PPC will shifts rightward (upwards) ....

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Impact of Make in India on ppc

Posted by Sakshi Kumari 7 years, 6 months ago

CBSE > Class 12 > Economics

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Cbse class 12th compartment exams 2018

Posted by Ayeshaaa 2599 7 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Yash Gupta 7 years, 6 months ago

And form are available in 2 week of june

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Yash Gupta 7 years, 6 months ago

July month

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Show the construction of individual and market demand schedule and curve when there are two households in the market

Posted by Aditi Raj 7 years, 6 months ago

CBSE > Class 12 > Economics

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"Even high price of electricity has failed to reduce its demand' The given statement is a newspaper headline. Keeping in mind the law of demand and elasticity of demand answer the following question: 1. Why even after the rise in price of electricity the demand has not falls give two reasons. 2. Mention any one way through which we can save power ? 3. What value reflected in the above situation.

Posted by Kulwinder Singh 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Prateek Gupta 7 years, 6 months ago

Electricity being a necessity has inelastic demand. Thus even if its price decreases or increases its demand will always remain high. Thus law of demand doesnt operate here.

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Why there is not mentioned macro economics chapters plz reply fast

Posted by Nikita Fulzele 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

H!Mαη$Hμ Ұαδαυ ✔️ 7 years, 7 months ago

But in my app there it is mentioned

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What is the exact and basic difference between inferior and giffen goods,,?

Posted by Prakhar Pratyush 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 4 years, 6 months ago

Giffen goods are goods whose demand increases with the increase in its price and vice versa. On the contrary, inferior goods are those goods whose demand decreases with an increase in the consumer's income.

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Objectives of govt budget has been completed so today which topic do you all want to know. I can what's aap u , i can give you on insta. Choose your topic from the following 1.Tricks related to Numericals in images 2. Central in details more than 200 words 3. AD and AS approach 4.S and I approach .

Posted by Syed Khabib 7 years, 7 months ago

CBSE > Class 12 > Economics

8 answers

Syed Khabib 7 years, 6 months ago

My pleasure ....??best friend

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Syed Khabib 7 years, 6 months ago

Equilibrium level of income by AD and AS approach through schedule : (Y 0 , 100 , 200 ,300,400 ,500) .(.C 50 ,100,150,200,250,300.) ..( I 50,50,50,50,50,50,) (AD100 ,150, 200,250,300,350.) .. (AS 0 , 100, 200 , 300, 400,500. From the above schedule we concluded that equilibrium level of income is determined where Aggregate Demand = Aggregate Supply. That is 200 =200. *** Before the income level, AD>AS which leads to level of unfulfilled demand as all the stock is already sold.So in future the producer will further increase the production and equilibrium will be recorded where AD= AS. ***After the income level, AS>AD which means some stock remains unsold with the producer so in order to sold the unwanted stock and the equilibrium will be restored where AD=AS.

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Sakshi Chahar 7 years, 6 months ago

Thankeww so muchhh yrr??

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Syed Khabib 7 years, 6 months ago

Sakshi. You are a good student and my friend also. So its my duty to help you. Don't say anything like that .In morning i will give u AD and AD approach through schedule. And i will always post answer only here.

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Syed Khabib 7 years, 6 months ago

...to AD .This process will continue till AD=AS.*** when AS greater than AD. Here some stock is left with the prodcer so in near future the producer will decrease the production as production decreases output also decreases. This process continue till As=AD.

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Syed Khabib 7 years, 6 months ago

According to this approach equilibrium level of income is determined where planned level of aggregate demand is equal to aggregate supply. AD=AS . Equilibrium level of income by AD and AS approach through diagram. (Diagram is not possible here so u can see it from the book ).OBSERVATIONS : *** From the above diagram we concluded that AD (Aggregate Demand ) curve cut Aggregate Supply cuve AS at point E which is the equilibrium point. *** When AD>AS which leads to level of output where all stock is already sold there is loss if unfullfilment of demand. So in near future the producer will increase the production due to decrease in production, output decreases .AS would increase to becomes equal

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Sakshi Chahar 7 years, 6 months ago

I don't wanna bother u, but i'm fully depend on this guide for extras and are not active on networking sites. So,can u plzz post about AD and AS approach on this guide..??

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Syed Khabib 7 years, 7 months ago

****central problems

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What are complementary goods

Posted by Sumit Thanuan 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Awesome Artist 7 years, 7 months ago

Complementary goods are those goods which can be used together to satisfy a particular want. For eg- bread and jam are complementary goods.

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Give two examples for centrally plan economy

Posted by Naveen Sk 7 years, 7 months ago

CBSE > Class 12 > Economics

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Meaning of MU of a good falls as more of it is consumed.

Posted by Aashiriti Singh 7 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Sourav Kumar 7 years, 7 months ago

yes

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Shivangi Goel 7 years, 7 months ago

Example....if u r taking frooti then in starting you may like it but if u consume it contuniously then u will get bore of it and will not want to take it more...so ur satisfaction will start reducing in this case MU falls..

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Shivangi Goel 7 years, 7 months ago

When more and more units of a good is consumed then intensity of desire to take that one is reduce ....then marginal utitily derived frm that good starts reducing..

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Diffrence between inferior good and giffen good

Posted by Shweta Girdhar 7 years, 7 months ago

CBSE > Class 12 > Economics

4 answers

Syed Khabib 7 years, 6 months ago

Oo sorry i typed increase in place of decrease.

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Nayani Singh 7 years, 6 months ago

Wrong Waseem . demand of inferior goods decrease when income of consumer increase

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Sumit Thanuan 7 years, 7 months ago

Inferior goods are those goods whose demand is decrease due to increase in income

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Shivangi Goel 7 years, 7 months ago

INFERIOR goods are those goods in case of which there is negative relationship bw income and quantity demanded..GIFFEN goods are are much more cheaper than inferior goods so there is +ve relationship bw price and demand in this case law of demand fails .

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How aggregate demand relates with money as well as banking?

Posted by Samiksha Bhatia 7 years, 7 months ago

CBSE > Class 12 > Economics

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Given the market price of a commodity how many units the consumer will buy?

Posted by Harshit Goyal 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Abhishek Aman 7 years, 7 months ago

A consumer keeps on consuming a good unless he strikes hi equilibrium i.e. MUx/Px = MUm..!! Since the MUm( marginal utility of money or rupee worth of satisfaction that the consumer expects is used as a measuring rod n is hence constant) n the price is given, the units of commodity thus depends on the marginal utility or the additional satisfaction that the consumer derives on successive consumption of goods!! He shall stop when he reaches the above given equation.

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Today which topic do you all want to .You have to choose from the following. 1 .Objectives of Govt budget 2.Function of Central Bank .3.limitations of barter system. .... I will tell you in a very easiest way. If u want comment below.

Posted by Syed Khabib 7 years, 7 months ago

CBSE > Class 12 > Economics

9 answers

Syed Khabib 7 years, 7 months ago

5 .Employment opportunities -By its revenue and expenditure policy the govt focus on generation of employment opportunities through investment in public industries .For this the govt incurred huge expenditure on the development of rural areas for giving 100 days guarantee employment under the scheme of MNREGA to the porrer sections of the society. ??.

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Syed Khabib 7 years, 7 months ago

4.Management Public Enterprise - There are large no of public sector industries which are established and managed for social welfare and public interest like Railways , post offices, Electricity, etc. **These social welfare activities are operated through budget *The main motive of these enterprise is not to earn profit . * Those public sector enterprise which are suffering from loss that type of enterprise sales by the govt which is called disinvestment.

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Syed Khabib 7 years, 7 months ago

3.Economic stability - Govt budget is used as an important policy instrument to correct the situation of inflation and deflation also to achieve the objective of economic stability . **Govt expenditure and taxes help in fighting price fluctuations because these fluctuations affect the economy badly. **To correct the situation of inflation govt can bring down the expenditure or cut in subsidies. **To correct the situation of deflation govt increase its own expenditure or reduce tax and providing subsidies **This function is also known as Stabilisation function.

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Syed Khabib 7 years, 7 months ago

Objectives of Govt Budget - 1 .Reallocation of Resources - It refers to change in direction of resources from one use to another. Through its budgetary policy govt aims to reallocate the resources with the view to balance the goal of profit maximisation and social welfare. Government can influence allocation of resources through : ***Tax concession or subsidies :To incorage the investment govt gives tax concession also subsidies to the producers.Govt in courage the use of khadi products by providing subsidies. **Govt impose heavy tax on the production of harmful consumption goods like wine ,cigarettes etc. ***Directly producing goods and services -If private sector does not take initiative in certain activities ghen govt directly controls them like water supply , sanitation etc.

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Yukti Katariya 7 years, 7 months ago

Obj. Of govt. Budget

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Sakshi Chahar 7 years, 7 months ago

Okk, don't worry firdt of all take care then after anything

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Syed Khabib 7 years, 7 months ago

I am suffering from fever so there is some delay can take place but tonight i will try to give u notes

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Shivangi Goel 7 years, 7 months ago

Objectives of gov budget

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Sakshi Chahar 7 years, 7 months ago

Ibjectives of govt.budget

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comment open the shape of the demand curve is the price of the commodity prices by 10% and there is no change in the quantity demanded

Posted by Aditi Pradhan 7 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Vandana Bindal 7 years, 6 months ago

demand curve will be perfectly inelastic

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Shivangi Goel 7 years, 7 months ago

Then the demand curve will be vertically straight line parellel to the y axis...

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Why demand raises when price ischeaper

Posted by Yapri Jamatia 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Sarojini Birua 7 years, 7 months ago

Because price of a commodity and demand of commodity are inversely related to each other. If price of commodity decreases , hence consumer can buy more goods and this increases the demand

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Why in case of perfect competition marginal revenue is constant even at zero level of output?

Posted by Rajni Sharma 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Sonali Aggarwal 7 years, 7 months ago

Under perfect competition, an individual firm cannot influence the price on its own as it's share in total market supply is negligible. Firm is price taker as price is determined by the industry.When price remains the same at all levels of output, then marginal revenue is constant (even at zero level of output).

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Real flow and money flow

Posted by Sabnam Khatun 7 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Anukriti Verma 7 years, 7 months ago

Real flow - means flow of factor of production (such as land, labour, captial and entrepreneurship) and flow of goods and services among different sectors of economy. Money flow - means flow of money (such as expenditure done by household for acquiring goods and services) and factor payment done by firms to factor of production.

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Syed Khabib 7 years, 7 months ago

Real flow- The flow of goods and services among the different sectors of the economy. Money flow -flow of money among diff sectors of the economy.

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Want to buy chapter wise papers of economics, accounts and business studies

Posted by Ritu Ralli 7 years, 7 months ago

CBSE > Class 12 > Economics