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Theory of demand chapter notes

Posted by Mehak Machal 7 years, 7 months ago

CBSE > Class 12 > Economics

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Relationship between app and tpp

Posted by Sonam Mathur 7 years, 7 months ago

CBSE > Class 12 > Economics

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Explain two condition in which TR becomes zero if price or quantity may exist

Posted by Tanya Garg 7 years, 7 months ago

CBSE > Class 12 > Economics

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What is the shape of TVC?? What is the reason behind it?

Posted by Akshita Yadav 7 years, 7 months ago

CBSE > Class 12 > Economics

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National income accounting

Posted by Simranpreet Kaur 7 years, 7 months ago

CBSE > Class 12 > Economics

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What is subject matter of economics ?

Posted by Dimpi Singh 7 years, 7 months ago

CBSE > Class 12 > Economics

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Pallavi Mandal 7 years, 7 months ago

Various economists have different views about the subject matter of economics. Adam smith, in his book “An Inquiry into the nature and causes of Wealth of Nations which was published in 1776 defined economics as an enquiry into the nature and causes of wealth of Nations in other words it lays importance on wealth rather than welfare of human beings. It shows to a man uses wealth produces wealth and how wealth is exchanged and distributed in the economy.

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Pallavi Mandal 7 years, 7 months ago

According to modern economist like Peterson and Samuelson the subject matter of economics is a science that studies only those activities of human being which he undertakes to maximize his satisfaction by making proper use of scarce resources.

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Govt . Of india has recently launched jan dhan yojna aimed at every houeshold in the country to have at least one bank account explain how deposits made under the plan are going to affect national income of the country

Posted by Nishu Nishu 7 years, 7 months ago

CBSE > Class 12 > Economics

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A consumer gets 50 utils of utility from the consumption of 1st unit of commodity-X. On the assumption that every additional unit of X,he loses 10 utils of utility,how much unit of X will he consume if,it was available to him of $5 per unit, and his MUm=10

Posted by Gs Bisht 7 years, 7 months ago

CBSE > Class 12 > Economics

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Bhumika Pruthi 7 years, 7 months ago

Consumer equilibrium is a situtation where consumer gets maximum satisfaction. So consumer is in equilibrium where : What is pays = what he get. So, MUx/Px = MUm So according to question MUx=50 MUm=10 Px=$5 Units. MUx 1. 50 2. 40 3. 30 4. 20 5. 10 Puttin the values in consumer equilibrium equation: 50/5 = 10 10=10 So according to this MUx/Px = MUm So consumer should stop his consumption on consuming 1st unit of commodity

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Differeces between following with graph in easy and simple language (1) Difference between increase in demand&decrease in demand (2) Extention in demand&decrease in demand (3) Contraction in demand (4) Extention in demand&increase in demand (5) Contraction in demand&derease in demand

Posted by Ashwary Varshney 7 years, 7 months ago

CBSE > Class 12 > Economics

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Define the term 'monotonic' ?

Posted by Ritikesh Kumar 7 years, 7 months ago

CBSE > Class 12 > Economics

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Megha Bisht 7 years, 7 months ago

Uttered with an changing pitch or tone

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If the prevailing market price is above the equilibrium price, explain its chain of effect

Posted by Sushila Yadav 7 years, 7 months ago

CBSE > Class 12 > Economics

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What are quantitative and qualitative measures. Taken by RBI to control inflation

Posted by Nishu Nishu 7 years, 7 months ago

CBSE > Class 12 > Economics

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Nishu Nishu 7 years, 7 months ago

Nishu i. want to becme your friend. Ye to mere question ka answer hi nhi hai. To fir ye app ne kyo likha

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Nishu Nishu 7 years, 7 months ago

Tnnx

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Syed Khabib 7 years, 7 months ago

Quantitative measures or instruments are : 1.Bank rate (increases bank rate ) 2.Repo Rate(increase) 3.CRR (increase ) 4.SLR.(increase ) 5.Open market Operation.(sale govt securities ) Qualitative measures 1 .Margin Requirement (increase ) 2.Moral suasion .(Restrict loan to control inflation. Nishu i want to become your friend .

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At a price of$5 per pen the demand is 40 pens. The elasticity of demand is 0.75 and increase in price is $ 1.calculate the change in quantity of pens demanded

Posted by Sradha Kapoor 7 years, 7 months ago

CBSE > Class 12 > Economics

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define opportunity cost and total opportunity cost

Posted by Pallavi Mandal 7 years, 7 months ago

CBSE > Class 12 > Economics

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Sanjit Ragunathan 7 years, 7 months ago

Opportunity cost refers to a benefit that a person could have received, but gave up, to take another course of action. Stated differently, an opportunity cost represents an alternative given up when a decision is made. This cost is, therefore, most relevant for two mutually exclusive events.

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Important topics of economics

Posted by Aakriti Maheshwari 7 years, 7 months ago

CBSE > Class 12 > Economics

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Question based on singular and plural definition

Posted by Deepa Singh 7 years, 7 months ago

CBSE > Class 12 > Economics

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Explain the conditions of consumer equilibrium under the indifference curve approach

Posted by Adarsh Singh 7 years, 7 months ago

CBSE > Class 12 > Economics

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Explain the meaning of open market operation how is it used to reduce money supply in the economy

Posted by Nishu Nishu 7 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Syed Khabib 7 years, 7 months ago

Open market operation refers to the sale and purchase of securities in the open market by the Central Bank.By selling securities like NSCs ,the central bank get cash from the economy. By buying securities, the central bank releases cash .To reduce money supply in the economy central bank sale its securities .By selling the securities, the central bank withdraws cash balance from the economy and due to this supply of money will reduce in the economy.

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relation ship between micro and macro economics

Posted by Anil Sharma 7 years, 7 months ago

CBSE > Class 12 > Economics

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Nishu Nishu 7 years, 7 months ago

Micro economics :- which studies the behaviour of individval units of an economy for ex individval income Macro economics :- which studies of a national economy as a whole. For ex. National income

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what are the relation between economic problems and scarcity

Posted by Pallavi Mandal 7 years, 7 months ago

CBSE > Class 12 > Economics

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Syed Khabib 7 years, 7 months ago

Economic problems arises because of scarcity. There is a direct relation between economic problems and scarcity .

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Explain the process of credit creation by commercial banks

Posted by Nishu Nishu 7 years, 7 months ago

CBSE > Class 12 > Economics

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Syed Khabib 7 years, 7 months ago

Welcome. Nishu

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Nishu Nishu 7 years, 7 months ago

Thanks

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Syed Khabib 7 years, 7 months ago

Money credit creation -It is a process in which a commercial banks creates total deposit many times the initial deposit. The capacity of commercial banks to create money creation depends on two factors 1.Amount of initial fresh deposit. 2.Legal reserve ratio (LRR). Example -Suppose :Initial Deposit =10000 and LRR =20%. As required the bank to keep 20% that is 2000 as cash reserve and lend the remaining 8000 .Those who borrow use the money for making payments .As assumed those who rec these payments put the money back into their bank accounts.This create a fresh deposit of 8000 The bank again keep 20 % that is 1600and lend 6400 .In this way the money goes on multiplying lending to total money creation of 50000. **MCC = Initial Deposit - Money multiplier. **Money multiplier = 1/LRR. **LRR is a sum of Cash Reserve Ratio and Statutory Liquidity Ratio.

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How does money overcome the. Problem. Of barter. System. Explain. Briefly.

Posted by Nishu Nishu 7 years, 7 months ago

CBSE > Class 12 > Economics

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Nishu Nishu 7 years, 7 months ago

Thanks for ans

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Syed Khabib 7 years, 7 months ago

With the evolution of money problems of barter system like lack of measurement of value, double coincidence of wants are solved.Nowadays we can purchase anything from that .It acts as a medium of exchange.

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Explain the standard of deferred. Payment function of money how has it solved the related problem created by barter

Posted by Nishu Nishu 7 years, 7 months ago

CBSE > Class 12 > Economics

4 answers

Nishu Nishu 7 years, 7 months ago

Nisha nhi nishu

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Nishu Nishu 7 years, 7 months ago

Oo thanks

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Syed Khabib 7 years, 7 months ago

All ans are in my own language .Nisha

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Syed Khabib 7 years, 7 months ago

Standard deffered payment means the payment which is to be made sometime in future. At the time of barter system it is very difficult to purchase goods and return the same and exact quality of goods and at that time there is also a problem of calculating interest on that goods But nowadays landing and borrowing can be easily made and interest also calculated on money. So money solved the problem of deffered payment and solved related problems of barter system .

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Explain the ' difficulty in storing wealth 'problem faced in a barter system. Of exchange.

Posted by Nishu Nishu 7 years, 7 months ago

CBSE > Class 12 > Economics

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Nishu Nishu 7 years, 7 months ago

Thanks

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Syed Khabib 7 years, 7 months ago

At the time of barter system goods are exchange with goods .so at that time we cannot store perishable goods for long period which can result in capital loss .

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What is a simple economy ?Expalin with an example

Posted by Nisha Nisha 7 years, 7 months ago

CBSE > Class 12 > Economics