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How will an increase in the income of th...

How will an increase in the income of the buyers of an 'inferior good', affect its equilibrium price and equilibrium quantity? Explain with help of a diagram.

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How will increase in the income of the buyers of an 'inderior good' affect its equilibrium pirce and equilibrium quantity ? Explain with the help of a diagram.

How does an increase in demand of a commodity affect its equilibrium price and equilibrium quantity? Explain with the help of a diagram.

SANDEEP GARG-PRICE DETERMINATION AND SIMPLE APPLICATIONS-Short Answer Type Questions
  1. Define the following terms: (a) Equilibrium, (b) Equilibrium price, (c...

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  2. Explain the process of price determination under perfect competition w...

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  3. Explain the concept of non-viable industry with the help of an example...

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  4. What is meant by viable industry? Explain with the help of a diagram.

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  5. Explain the chain of effects of an increase in supply of a commodity o...

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  6. Explain the chain effects on demand, supply and price of a commodity c...

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  7. How will an increase in the income of the buyers of an 'inferior good'...

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  8. Discuss the effect on equilibrium price and equilibrium quantity, when...

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  9. Explain the changes that will take place in the market' for a commodit...

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  10. How is the equilibrium price of a commodity affected by a rise in the ...

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  11. Cigarette smoking is injurious to health. How can the government reduc...

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  12. Market for an essential item of consumption is in equilibrium, but the...

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  13. Discuss the meaning of Prrce Ceiling and Price Floor.

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  14. Explain the effects of a 'Price Ceiling'.

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  15. Explain the effects of a 'Price Floor'.

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  16. What is maximum price ceiling? Explain its implications.

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  17. What is minimum price ceiling? Explain Its implications.

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  18. Explain the chain effects, if the prevailing market price is below the...

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  19. If the prevailing market price is above the equilibrium price, explain...

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  20. Explain the chain of effects of 'increase' in demand of a good.

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