HOARDING In economics, hoarding is the practice of obtaining and holding scarce resources, possibly so that they can be sold to customers […]
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Tag: SS2 ONLINE STUDY
PRICE LEGISLATION Price legislation, also known as price control policy, refers to how the government or its agency fixes the […]
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CROSS ELASTICITY OF DEMAND
Cross elasticity of demand Cross elasticity of demand refers to the degree of responsiveness of demand for a commodity to […]
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Income Elasticity of demand
Income elasticity of demand refers to the degree of responsiveness of demand to changes in income of consumers. It measures […]
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Elasticity of supply
Elasticity of supply measures the degree of responsiveness of the quantity of a commodity offered for sale to a little […]
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Elasticity of Demand
Elasticity of demand can be defined as the degree of responsiveness of quantity demanded to little changes in the price […]
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Change in Quantity Demanded
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 […]
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MEASURES OF CENTRAL TENDENCY
The arithmetic mean, also popularly referred to as the “mean” is the average of a series of figures or values. […]