Question: The quantity supplied and the price of product A are given as follows:
Price (Rs Per Kg.)Quantity Supplied (Kgs. in thousands)455055506550
Draw a supply curve for …
Question: The supply schedule of product X is given as follows:
Price (Rs Per Kg.)Quantity Supplied (Kgs. in thousands)100401006010080
Solution:+
The supply curve for product X is shown
Figure: …
Question: Assume that a business firm supplied 450 units at the price of Rs 4500. The firm has decided to increase the price of the …
Problem: Suppose the advertisement expenditure of an organisation increases from Rs 25,000 to Rs 60,000. Consequently, the demand of the organisation’s products increases from 40,000 …
Question: if the price of butter is increased from 20 to 25, the demand for bread is decreased from 200 units to 125 units. In …
Economic Homework Question:
Assume that the quantity demanded for detergent cakes has increased from 500 units to 600 units with an increase in the price of …
Question: Suppose the monthly income of an individual increases from Rs 5,000 to Rs 15,000. Now, his demand for clothes increases from 35 units to …
Question: Assume that at the price of Rs 50, the demand for the product is 200 units. If the price of the product increases to …
Question: Consider the curve in Figure number 2
Non-Linear Demand Curve
Solution
DD is a demand curve, and tangent BC meets DD at the point Q dividing into …
Question: Consider the curve in below figure
Assume that Figure 5.9 is drawn to scale if MP is greater than NP i.e. MP = 10 cms …