Consumer's Equilibrium and Demand-Consumer's Equilibrium (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 15 - 17 of 17

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Question number: 15

» Consumer's Equilibrium and Demand » Consumer's Equilibrium

Essay Question▾

Describe in Detail

From the following information about economy, calculate (I) its equilibrium level of national income and (ii) saving at equilibrium level of national income.

Consumption function: C = 200 + 0.9 Y

(Where C = consumption expenditure and Y = national income)

Investment expenditure: I = 3000.

Explanation

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Question number: 16

» Consumer's Equilibrium and Demand » Consumer's Equilibrium

Essay Question▾

Describe in Detail

Explain producer’s equilibrium using a schedule. Use total cost and total revenue approach.

Explanation

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Question number: 17

» Consumer's Equilibrium and Demand » Consumer's Equilibrium

Essay Question▾

Describe in Detail

A consumer buys 40 units of a good at a price of Rs. 3 per unit. When price rises to Rs. 4 per unit he buys 30 units. Calculate price elasticity of demand by the total expenditure method.

Explanation

… (38 more words) …

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