how will the following be treated in calculation of national income ? Give reason.
1. dividend received on shares
2. wages received by an indian working in indian embassy in china.
3. unifrom to defence
4. free dress provided to nurses by the hospital.
If equilibrium price of a good is greater than its market pirce, explain all the changes that will take place in the market. Use diagram.
explain the chain effects of increase in income of buyers of a commodity on its demand
How Do following affect the equilibirum price and quantity ? show graphically .
1) a change in consumer's tastes in favour of product
2) a reduction in consumers income
3) an increase in price of complementary goods ???
who has propounded the concept of rent of ability???
(a) David Ricardo
(b) Von Wieser
(c)Mrs. John Robinson
what is the difference between injections and leakages?
How will a
change in price of coffee affect the equilibrium price of tea?
Explain the effect on equilibrium quantity also through a diagram.
Suppose wage rate of coal miners increases and price of natural gas decreases (coal and natural gas are substitute).What is most likely to be the new equlibrium price and quantity.
explain the chain effects of rise in price of related goods on the demand of a commodity
cigarette smoking is injurious to health. give ways in which govt can reduce its consumption but only through market forces. explain the chain effects,.
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