Marketting

answered on 24-Mar-20 09:19

No. Of buyers in duopoly?

latest answer

Duopoly - Sellers are 2. Buyers can be any number.

Pranav Sarma

CA Inter

★ 3K+

1

496

Externalities in public finance chpter

answered on 30-Apr-20 19:01

In consumption box and production box the negative side ...example is wrong I think ... production eg come to consumption eg and consumption eg come to product ion eg... Is it right?

latest answer

The points you mentioned were corrected in notes and the same is uploaded.You can check it now.

Nivetharaman Raman

CA Inter

★ 11K+

7

581

Nature and scope of economics

answered on 02-May-20 09:50

Explain it

latest answer

Nature of business economics means ''business economics seeks to establish rules which help business firms to attain their goals,which indeed also the essence of the word normative .however if the are to establish valid decision rules, they must thoroughly understand their environment.

yasar kuthoose

CA Foundation

★ 0

4

579

Indifference curves

answered on 07-May-20 17:11

Explanation to this bit

latest answer

The substitution effect relates to the change in the quantity demanded resulting from a change in the price of good due to the substitution of relatively cheaper good for a dearer one. The substitution effect is the increase in the quantity bought as the price of the commodity falls, after adjusting income so as to keep the real purchasing power of the consumer the same as before. This adjustment in income is called compensating variations and is shown graphically by a parallel shift of the new budget line until it become tangent to the initial indifference curve. Therefore, the substitution effect of fall in the price of the commodity will lead to movement from lower Indifference curve to a higher one. Answer is C.

Uday Sankar

CA Inter

★ 4K+

9

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