10 3 30 50 minutes Very short answer questions 10 1 10 15 minutes 2. Weightage by content Unit No Unit Sub-Units Marks 1 Introduction 4 2 Consumer Equilibrium and Demand 18 3 Producer Behaviour and Supply 18 4 Forms of Market and Price determination 10 6 National income and related aggregates 15 7 Money and Banking 8 8 Determination of Income and employment 12 9 Government Budget and the economy 8 10 Balance of Payment 7 Total 100 3. Difficulty level of the question
Premium Supply and demand Consumer theory
Introduction to price discrimination In our study of the theory of the firm we have assumed so far that a business charges a single price for its products‚ naturally the reality is different! Most businesses charge different prices to different groups of consumers for the same good or service. Businesses could make more money if they treated everyone as individuals and charged them the price they are willing to pay. But doing this involves a cost‚ so they have to find the right pricing strategy
Premium Supply and demand Price elasticity of demand Elasticity
In the book why we love‚ author Helen Fisher attempts to understand the idea behind the human romantic love by studying the mating behavior of animals. Thus‚ she firmly believes that romantic love is a phenomenon arising from ‘human nature’. Which shows itself in the different forms in the animal kingdom. The book begins by presenting the results of a scientific study in which Fisher scanned the brains of people who had just fallen madly in love. She proves‚ at last‚ what researchers had only suspected:
Premium Love Human sexuality Sexual intercourse
Demand 10. The long-run price elasticity of demand for a product is generally _________ the short-run elasticity for the same product. A. lower than B. equal to C. higher than D. not comparable to 11. Assume the demand function for skin care products is given by Q = 1‚000 – 20 P + 5I. If P=$25 and I=$1‚000 currently‚ then: A. skin care products are a normal good. B. the elasticity of demand is equal to 11. C. skin care products are inferior. D. The price is too high 12. If the demand
Premium Supply and demand Costs Price elasticity of demand
Price Elasticity of Gold Group name: In-Demand The general inverse relationship between price and demand is a key fundamental in economics. A rise in price is known to shrink demand and vice versa. However‚ another important factor in economics is the price elasticity of demand‚ which can be interpreted as the percentage change in demand relative to the percentage change in price. Basic goods tend to be of low elasticity‚ thus the change in price has little effect on demand‚ while luxury goods
Premium Investment Inflation Money
Diagnostic Assessment Antwone Fisher is a character who is very hostile and anti social. He feels alone and confused by previous events that occurred during his childhood. Fisher is very withdrawn‚ unforgiving‚ and apprehensive. The constant battle of flashbacks denoting verbal abuse‚ physical abuse‚ and sexual abuse frequently interferes with his everyday life. Physical and verbal altercations tended to be the most frequent activities that he was involved in. Antwone Fisher meets the requirements of
Premium Psychology Suicide Abuse
"Antwone Fisher" in the theaters‚ but when I saw it at home recently on DVD‚ I found it very emotionally involving. I realize the film is somewhat formulaic and sometimes overly sentimentalized‚ but I liked it a lot anyway. It seems to me the movie has an underlying earnestness‚ and it managed to bring tears to my eyes. There really is a man named Antwone Fisher‚ and you can see and hear him on a featurette on the DVD. Fisher is credited with writing the screenplay for the movie "Antwone Fisher" based
Premium Antwone Fisher Film Denzel Washington
shows the price of aluminium over the past six years. It can be seen from Figure 1 that the price of aluminium has fluctuated a great deal during this period. For example: between July 2008 and February 2009 the price fell by 57%; in August 2009 alone the price rose by 16%. In an essay of 1500 words or fewer‚ use economic analysis to explain changes in the price of aluminium over the period shown in Figure 1 and why the price fluctuations have been so great. Figure 1: The monthly LME spot price for aluminium
Premium Supply and demand
L. Cox The Price Is Unfair! A Conceptual Framework of Price Fairness Perceptions Recent news coverage on pricing portrays the importance of price fairness. This article conceptually integrates the theoretical foundations of fairness perceptions and summarizes empirical findings on price fairness. The authors identify research issues and gaps in existing knowledge on buyers’ perceptions of price fairness. The article concludes with guidelines for managerial practice. he issue of price fairness has
Premium Price Perception Social comparison theory
the immune system leaving the body susceptible to multiple infections. In the public’s mind HIV/AIDS was a disease that belonged to intravenous drug users‚ homosexuals‚ and others in an unfortunate and stigmatized group. On August 19th 1992‚ Mary Fisher‚ a young‚ white‚ wed‚ mother of two‚ addressed the Republican National Convention using repetition‚ argument of fact‚ and emotional appeal to open the conversation of AIDs and end the shame faced by those that find themselves infected. “ It does
Premium AIDS HIV Immune system