Author: StopLearn Team 2

Elasticity of supply measures the degree of responsiveness of the quantity of a commodity offered for sale to a little […]

Elasticity of demand can be defined as the degree of responsiveness of quantity demanded to little changes in the price […]

A change in quantity demanded is a movement along a/single demand curve. The main determinant of a change in the […]

The theory of consumer behavior is primarily concerned with how the consumer or household tries to satisfy his or her […]

The measures of dispersion is also called measure of variation. The Range The range is the simplest and most straight […]

The arithmetic mean, also popularly referred to as the “mean” is the average of a series of figures or values. […]

Localisation of  industries refers to the concentration of many firms of an industry in a particular area. Advantages And Disadvantages […]

Location of industry refers to the siting of an industry in a particular place. Factors Influencing Industrial Location Generally, location […]