R Khanna - Economics Notes Class 12 - Ecogradeshelp

Time period and Supply and Exception of Law of Supply :Vertical and Backward sloping Supply Curve

R Khanna / November 9, 2022

Time Period: Market Period, short Run and Long Run Economists distinguish between different types of supply curves based on the way […]

R Khanna / October 16, 2022

Law of Supply: The law of supply, or more appropriately ‘supply hypothesis’ gives us the relationship between price and supply

R Khanna / October 7, 2022

What is Supply ? In economics supply is defined as the quantity of a particular product or service that

R Khanna / September 22, 2022

Income Elasticity of Demand: Income elasticity of demand refers to the degree of responsiveness of the quantity demanded

R Khanna / September 13, 2022

Determinants of Price Elasticity of Demand: Price elasticity of demand is different for different commodities. It is important to know

R Khanna / September 11, 2022

Measurement of Price Elasticity of Demand: In order to compare elasticity of demand of different goods it is important to

R Khanna / September 6, 2022

Elasticity of Demand The Law of Demand states that the quantity demanded of a commodity is inversely proportional

R Khanna / August 31, 2022

Consumer’s Equilibrium through Indifference Curve Approach / Hicksian Approach : The utility approach was based on the assumption that

R Khanna / August 29, 2022

Properties of Indifference Curve: There are four main properties of Indifference Curve, which are as follows : 1.

R Khanna / August 27, 2022

Indifference Curve Analysis or Ordinal Utility Analysis : Cardinal Utility : Cardinal utility means that the utility that