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The price elasticity of supply of good X is half the price elasticity of supply of good Y. A 10% rise in the price of good Y results in a rise in its supply from 400 units to 520 units. calculate the %age change in quantity supplied of good X when its price falls from Rs 10 to Rs 8 per unit.
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
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.
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,.
economics sandeep garg answers?
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.
market for a good is in equilibrium. Supply of a good decreases. Explain the chain effects of this change.Use diagram
the demand and supply curves of salt are given by:
qD = 1,000 − p qS
= 700 + 2p
the equilibrium price and quantity.
(b) Now, suppose that the price of an input that used to produce salt
has increased so, that the new supply curve is
qS = 400 +2p
How does the equilibrium price and quantity change? Does the change
conform to your expectation?
(c) Suppose the government has imposed a tax of Rs 3 per unit of sale
on salt. How does it affect the equilibrium rice quantity?
explain how the equilibrium price and quantity of a commodity are affected by a fall in the price of its substitutes?
how is the supply of a commodity affected by change in the price of other commodities?
equilibrium price of an essential medicine is too high . explain what possible steps can be taken to bring down the equlibrium price but only through the market forces . also explain the series of changes that will occur in the market
why does ac cuts mc at its lowest point?
what is the difference between floor price and price ceiling?CAN YOU PLEASE GIVE THE BASIS OF DIFFERENCE ?
study the advertisement in television media of fmcg such as lux along with 5 positive and five negative aspects of that advertisement. it has to be the written analysis of the add that comes in t.v along with 5 positive and negative effects of that add on t.v
how price is determined in a perfectly competitive market with fixed
number of firms.
the chain of effects of this change. Use diagram.
happen if the price prevailing in the market is
(i) above the equilibrium price?
(ii) below the equilibrium price?
explain classification of oligopoly market ?
market for a good is in equilibrium , there is simultaneous decrease both in demand and supply but there is no change in market price. explain with the helo of a diagram how it is possible.
What are the factors responsible for this excess demand for electricity?
what are the features of oligopoly?
Equilibrium price of a essential medicine is too high.explain what possible steps can be taken to bring out the equilibrium price only through the market forcs?
if equilibrium price of a good is greater than its market price,explain all the changes that will take place in the market.use diagram
How does the equilibrium price of a Normal commodity change when income of its buyer falls.Explain the chain of effects?
what is the relation between market price and normal price
how to calculate national income on the basis of income method?
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.
difference between market price and equilibrium price
Once equilibrium price is reached ,it will remain stable.Give the reason.Explain the situations where equilibrium condition changes.give two examples of government interventions in equilibrium market
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