Theory of demand and supply

answered on 06-Jun-20 06:10

Can any one explain , is normal goods and necessity goods are same ? and also plz explain the various types of goods and it's elasticity....iam sooo confused in this concepts....plz

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Ok sir...

Balaji R

CA Inter

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Internal or external cause of business cycle

answered on 06-Jun-20 18:31

Global epidemic like corona virus causes business cycle. Is it external or internal cause of business cycle? Explain.

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Thanks

Hari Krishna

CA Foundation

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515

Mcq doubt

answered on 04-Jun-20 16:33

Sir in law of demand and elasticity of demand mcqs last question of that unit there asked use arc elasticity to find elasticity of demand But in video you usesd elasticity of demand formula why can't we take arc method there asked arc na

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Thank you for solving mam

Jashwanth S

CMA Inter

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563

Law of variable proportion

answered on 17-Jun-20 16:15

The graph explain in video of law of variable proportion is totally wrong. I am totally confused. Now I am unable to believe that all another video are correct and no any wrong explain.this topic I already study that's why I found out the mistakes and what happen other chapters.

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All the corrections in the graph and video have been made and uploaded on to the website

Priyanka Saini

CA Foundation

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Law of variable proportion

answered on 17-Jun-20 16:16

Example taken in video is wrong .it is TP, AP and MP and in video sir taken TR in place of TP ,AR in place of AR and so on.

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All the corrections in the graph and video have been made and uploaded on to the website

Priyanka Saini

CA Foundation

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552

Theory of demand and supply

answered on 27-May-20 09:13

A MCQ stating that if in a theatre the price of potato chips is higher than that of the price of popcorn then the demand for popcorn will ______ and the supply of popcorn will_______ The answer is increase and increase I know that the demand for popcorn will increase but according to the law of supply the commodity whose price is low have lesser supply than that of the higher priced. So I thought the quantity supplied of popcorn will decrease, how come will it increase??

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When you talk of most of the theories in economics you have to remember that there is something called ceteris paribus - which means all things remaining constant. It is applicable here too. Assuming there are in a theatre with 100 seats if there are 100 packs of popcorn and 100 packs of chips i.e supply is constant. If price of one increases, its demand increases and demand for a substitute increases. When you look at law of supply you have to assume that demand is constant i.e in a theatre with 100 seats there is a demand for 100 popcorn and 100 chips. If chips are priced cheaper, the supplier reduces supply of chips. Look at definitions of demand and supply and you will realize that they say everything else remaining constant if price rises there is a change in quantity demanded or supplied.

lithish kumar

CA Final

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Mixed economy

answered on 06-Nov-20 04:15

In mixed economy company give preference to poor like socialism or rich like capitalism

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Mixed economy is the combination of capitalist economy and socialist economy

Jashwanth S

CMA Inter

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543

Income Elasticity of demand

answered on 25-May-20 15:22

Sir in income Elasticity of demand if a consumer always spends a 15 percentage of income eg food even though his income rise or decreases then it is said is said to be equal to one. But my doubt is why is equal to one as he spends a same percentage even though rise or decrease in income so it is said to inelastic or zero only why in book it is said equal to one. Pls help me

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I got it bro.. but Thanks

S.P. RAYAN

CA Inter

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Doubt

answered on 24-May-20 00:12

Can u explain me 1st assumption sir... Y total number of goods nd services doesn't change im case of full employment? Is it bcz if u need to produce mre u need to recruit new employees?

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Tq mam

Shru Kanda

CA Inter

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Govt intervention to correct market failure

answered on 21-May-20 20:20

Why isn't the answer option d and why option b is right?

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Thanks

The Little Brown Girl

CA Inter

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