Market Supply versus Individual Supply
What is the basic difference between Market Supply and Individual Supply?
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A) Market supply curve can be established by summing individual supply curves.
B) Individual supply curves are summed up horizontally at each and every price.
C) Market supply curve exhibits how total quantity supplied differs as the price of good differs.
use two market diagrams to explain how an increase in state subsidies to public colleges might affect tuition and enrollments in both public and private colleges?
In a graph of competitive market in equilibrium, the net surpluses producers and consumers enjoy generally equivalents the area among the: (i) Demand and supply curve however to the left of point of the market equilibrium. (ii) Horizontal axis and a 45°line origin
Meaning of Cash Reserve Ratio (CRR): It is the percentage of net or total deposits of commercial bank that are maintained by RBI.
Use economic theory to explain the inflation movements and factors influencing it. Use relevant models to explain the impact of changes in fiscal and monetary policies in curtailing inflation.
how to calculate national income under value added method
The balance of trade demonstrates a deficit of Rs 300 crore. The values of exports are Rs 500 crore. Determine the value of imports? Answer: Q : Stage of the business cycle What stage What stage of the business cycle is our economy experiencing at present time? proof your answer.
What stage of the business cycle is our economy experiencing at present time? proof your answer.
Define the term Supply curve.
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
The consumer maximizes the utility whenever spending patterns causes: (i) Total outlays to increase each time prices are altered. (ii) Marginal utilities of each and every good consumed to be equivalent. (iii) Marginal utilities from the last cent spent on each and ev
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