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

In case of consumer equilibrium in case of IC theory a consumer is said to be in equilibrium at the point at which bot "IC" and budget line intersect.that is a point where consumer secures maximum level of satisfa ction with given level of income(budget line).

1Thank You

ANSWER

Give reason and inpact on demand curve: News report claims that consumption of product X has harmful effects on human health.

Posted by Sakshi Chahar 7 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Syed Khabib 7 years, 7 months ago

My pleasure

1Thank You

Sakshi Chahar 7 years, 7 months ago

2Thank You

Syed Khabib 7 years, 7 months ago

If people can change their habit then Demand of good X will fall and Demand curve shift leftwards. Because consumer can shift to another product. On the other hand if a consumer or person is habitual then there is no change in demand curve.

1Thank You

ANSWER

Subsidies are transfer payments or not. Explain.

Posted by Shruti Singla 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Syed Khabib 7 years, 7 months ago

Subsidies are transfer payments because the transfer payment are the money paid by the government with getting any product or service.

1Thank You

ANSWER

Why " How To Produce" is a complex problem for less development countries like India . Explain how ?

Posted by Himanshu Singh 7 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Sakshi Chahar 7 years, 7 months ago

Less developed countries like india often face three central problems "how to produce" is one of them.it is the problem of choice of technique of production i.e, to choose labour intensive or capital intensive technique of production.So, if our country choose LIT(labour intensive) for unemployed people sake then it will lack in new technology and if country adopts CIT then country's large amount of unemployed youth are neglected which is not a good determinant in country's economic growth.

1Thank You

Syed Khabib 7 years, 7 months ago

The problem of How to produce related to the choice of technique of production. The problem become complex because there are more than one type of technique .1.Capital Intensive -More use of machinery than labour.It minimise cost of production .2.Labour Intensive -More use of labour than machinery.It promote employment.This problem become more complex for less development countries like India because producer want to minimise its cost and at the sametime want more efficiency.The unemployment level in India is more so to provide producer use labour intensive technique.

3Thank You

ANSWER

Elasticity of demand questions

Posted by Hardeep Singh 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Sakshi Chahar 7 years, 7 months ago

If price of commodity falls by 10% then what will be the effect of quantity demanded in the conditions if elasticity is: - 1 - 0 - (-2)

0Thank You

ANSWER

Elasticity of demand solved question a book Sandeep garg

Posted by Hardeep Singh 7 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Gunjan Sharma 5 years, 2 months ago

a . prices of related goods b. price of the given commodity c. income of the consumer d. tastes and preferences of the consumers e. expectation of change in the price in future.

1Thank You

Shejal Tripathi 6 years, 3 months ago

E explain factor affecting demand market demand of a commodity

0Thank You

ANSWER

Do you any idea that CBSE is going to adopt Xi syllabus of INDIAN ECONOMY'S as same in XII or with some changes

Posted by Kasturi Verma 7 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Rohit Sao 7 years, 7 months ago

You are right kasturi but these changes will be applied in next coming session(2019-20)

0Thank You

Sakshi Chahar 7 years, 7 months ago

Actually i heard that cbse is going to adopt same pattern of economics as of class 12 i.e. two books of eco. Micro and macro. And there are some 12 class eco. Chapters transfered to class 11 eco.

0Thank You

ANSWER

the quantity demanded of a good is1500 units at a price of Rs 10 per unit it's price elasticity of demand is 1.5 calculate it's quantity demanded when it's price falls to Rs 8 per unit

Posted by Debashish Chatterjee 7 years, 7 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

An economy can operate outside the PPC? True or False with reason

Posted by Garima Gupta 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Sakshi Chahar 7 years, 7 months ago

An economy can't be operate outside the ppc cz. PPC shows production possibility of a country with the given level of income , resources. And if our economy is operated outside the ppc then will be a non feasible region for us ,means far away from our reach

0Thank You

ANSWER

Diff between shift in demand and movement in demand

Posted by Mayank Jain 7 years, 7 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Suppose if a consumer is consuming drugs and is ready to pay whatever amount is being asked does it imply that MUm for him is insignificant to MUx

Posted by Himanshi Singh 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Pragya Raj 7 years, 7 months ago

No because the mu derived from the drugs dose not decrease the level of satisfaction rather it increases the level of satisfaction.

1Thank You

ANSWER

Explain bank of issue function of central bank

Posted by Harsh Kaushal 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Syed Khabib 7 years, 7 months ago

Bank of issue means the bank which has exclusive or monopoly right of issuing notes.In India Central has the monopoly right of issuing notes.It is the monetary liability of the central bank of issuing new currency. The notes issued by central bank are unlimited legal tender.

2Thank You

ANSWER

What is an economics

Posted by Sarveah Gupta 7 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Sakshi Chahar 7 years, 7 months ago

Economics is a social science which deals with the study of human behaviour in the society with the given factors

0Thank You

Yukti Katariya 7 years, 7 months ago

Economics is a science which studies human behavior as a relationship between unlimited wants n limited resources.

1Thank You

Syed Khabib 7 years, 7 months ago

It is concerned with the study of economic issues or problems arises due to the fact that resources are scars and they have alternative uses.

2Thank You

ANSWER

Expalin the following terms in short aimole and easy language 1.M.R.S 2.Indifference Curve With the help of diagram

Posted by Ashwary Varshney 7 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Mansimrat Kaur 7 years, 7 months ago

IC is diagrammatic representation of indifference set. It is locus of such combination of two goods havings same satisfaction

1Thank You

Syed Khabib 7 years, 7 months ago

MRS -The rate at which one good is sacrifice for the gain of other. *IC-It is a combination of two goods within the resources and technology.

2Thank You

ANSWER

Why is an indifference curve is negatively sloped? Explain

Posted by Vanshita Singh 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Pragya Raj 7 years, 7 months ago

Because if the consumer buy more of one good he has to forgo for the consumption of other good as the money income and resources are limited.

2Thank You

ANSWER

What is the effect of simultaneous increase in demand and supply on equilibrium price.explain with diagram

Posted by Abhishek Dara 7 years, 7 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is the difference in between decrease in demand and decrease in quantity demanded

Posted by Prapti Saha 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Sakshi Chahar 7 years, 7 months ago

Decrease in demand always occurs due to unfavourable change in other factors keeping the price constant. Unlike discuss above , decrease in quantity demand always occurs due to change in price keeping other factors constant.

0Thank You

ANSWER

What is budget line with term of indifference curve

Posted by Rashpal Singh 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Pragya Raj 7 years, 7 months ago

Budget line is tthat line which shows the various combinations of two goods that a consumer can buy with the given money income. A consumer can buy any combination on the budget line, inside the budget line but not outside the budget line.

0Thank You

ANSWER

Discuss the central problems of economy(400 words)?

Posted by Sonam Pema 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Vanya Tomar 7 years, 7 months ago

Central problem of economy are... What to produce : selection of goods and their quantity. How to produce : which technique is used for the production........ There r 2 type of tech. 1). Labour intensive 2). Capital intensive . For whom to produce : goods and services produced for which commodity ; rich , poor. Elobrate them .............

3Thank You

ANSWER

in PPC production of services are considered or not

Posted by Dheeraj Upadhyay 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Vanya Tomar 7 years, 7 months ago

Yes in ppc production services are considered

1Thank You

ANSWER

Can 2 ppc intersect each other

Posted by Bhumika Pruthi 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Vanya Tomar 7 years, 7 months ago

No ppc cannot intersect each other.......... it can only move leftward or rightward / upward or downward

1Thank You

ANSWER

Find marginal opportunity cost when shifting some resources from use 1 to use 2 cause a loss of output of rs 1000 units in use 2

Posted by Gs Bisht 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Gs Bisht 7 years, 7 months ago

Plz give me ans

0Thank You

ANSWER

Significance of Depreciation Reserve Fund

Posted by Bhavini Pathak 7 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Narinder Kumar 7 years, 7 months ago

It reduce the extra burden of replacement investment and producer produce their product at a rational level.

4Thank You

Narinder Kumar 7 years, 7 months ago

Depreciation reserve fund refers to that fund which the producers keep for replacement investment.

3Thank You

ANSWER

A consumer is consuming two goods x and y and there price will as income of consumer and given. How he should decide consumption to achieve maximum level of satisfaction?

Posted by Sanjana Meena 7 years, 7 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Describe any two methods by which RBI can regulate money supply

Posted by Nishu Nishu 7 years, 7 months ago

CBSE > Class 12 > Economics

4 answers

Nishu Nishu 7 years, 7 months ago

Thanks u both

1Thank You

Syed Khabib 7 years, 7 months ago

Qualitative and Quantitative

2Thank You

Nishu Nishu 7 years, 7 months ago

Thanks

1Thank You

Narinder Kumar 7 years, 7 months ago

Quantitative and qualitative instruments of monetary policy use the RBI to regulate money supply

1Thank You

ANSWER

Is the ppc can shift RHS to LHS? If yes give oppsite reason which are resposible for it.

Posted by Sanjana Meena 7 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Vanya Tomar 7 years, 7 months ago

Yes ppc can move RHS and LHS Ppc move rightward due to upgradation of technology and growth in resources and.... It will move leftward due to degradation of resources and decrease in resources ........ Friend try to use words given in your economics book.....otherwise u will loose your marks???

0Thank You

Gs Bisht 7 years, 7 months ago

Yes Due to decrease in tech. Of both good Or decrease in resources

4Thank You

ANSWER

How to make eonomic project

Posted by Naaz Sheikh 7 years, 7 months ago

CBSE > Class 12 > Economics