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Subject: Economics, asked on 20/5/18

What is elastic demand

Subject: Economics, asked on 25/3/18

Like Patents, Licensing lead to restriction on entry of firms, what are the factors which can restrict the EXIT of a firm from the market???
Also like restriction on entry of new firms enables the sellers to charge higher prices as there is no fear of competition, what will be the impact of restriction on exit of firm??
Please explain using a real life example.

Subject: Economics, asked on 24/3/18

Like Patents, Licensing lead to restriction on entry of firms, what are the factors which can restrict the EXIT of a firm from the market???
Also like restriction on entry of new firms enables the sellers to charge higher prices as there is no fear of competition, what will be the impact of restriction on exit of firm??
Please explain using a real life example.

Subject: Economics, asked on 22/3/18

When demand increases price reduces due to inverse relationship but in market demand when demand increases price increase why?

Subject: Economics, asked on 11/2/18

Despite being a monopoly, The Railways still does NOT increase its prices. Explain
(6 marks)

Subject: Economics, asked on 24/1/18

What is the answer of Q11 both the parts???
Q11. ' Make in India ' campaign may lead to oligopolistic control of the market. Explain how.
                                                              Or
Form of the market changes with change in the degree of control over price. Explain.

Subject: Economics, asked on 22/12/17

Tricks of economics

Subject: Economics, asked on 14/12/17

Due to excessive rainfall price of umbrella soared up in state of west bengal. Use diagram and economic theory to analyse the statement

Subject: Economics, asked on 8/12/17

Explain "Profit maximisation objective" feature of monopoly market.

Subject: Economics, asked on 23/10/17

Is the toothpaste industry in India an example of Oligopoly or Monopolistic
There is no barrier on entry of new firms so it should be Monopolistic
However 2-3 firms have a huge market share and hence the ability to control prices so it should be oligopoly
Also can there be a price war in monopolistic????

Subject: Economics, asked on 9/10/17

Explain How the Automobile Industry changed market forms from Monopoly to Duopoly to Oligopoly form Independence to present day

Subject: Economics, asked on 9/10/17

The Automobile Industry was initially a monopoly with Ambassador as the only brand, then it became a Duopoly with Ambassador and Fiat as the only brands, and post 1991 it became an oligopoly with multiple brands and flow of FDI.
Explain all these phases of Automobile Industry along with timelines and in detail
(Like phase of Automobile Industry from 1947-1991 and then phase of 1991-present)

Subject: Economics, asked on 30/9/17

Suppose company A has higher operating leverage as compared to Company B
Then to produce same level of output (no. of units of a commodity) Conpany A would need to invest more as compared to company B and hence company A would have higher Break even point
Also if Company A and B incur the same amount of Total Cost, then Company A would produce relatively fewer units as compared to company B and hence would make fewer sales and charge higher prices (higher margin) to increase its profits
Company A&B are producing same commodity
Am I correct????

Subject: Economics, asked on 29/9/17

Explain the difference between Homogenous, Differentiated and Heterogenous products???
Also if ditto same products are sold under different brand names would they be considered as Homogenous or Differentiated products????

Subject: Economics, asked on 29/9/17

Explain the concept of operating leverage

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