CA Foundation Business Economics Study Material Chapter 2 Theory of Demand and Supply - Elasticity of Demand AUBANK Pivot Point Calculator Elasticity of Demand Elasticity of demand is defined as the responsiveness or sensitiveness of the quantity demanded of a commodity to the changes in any one of the variables on which demand depends. These variables are price … [Read more...] about CA Foundation Business Economics Study Material – Elasticity of Demand
Theory of Demand and Supply
CA Foundation Business Economics Study Material – Demand Forecasting
CA Foundation Business Economics Study Material Chapter 2 Theory of Demand and Supply - Demand Forecasting Demand Forecasting Meaning: Demand forecasting is an estimate of the future market demand for a product. The process of forecasting is based on reliable statistical data of past and present behaviour, trends, etc. Demand forecasting cannot be hundred per cent … [Read more...] about CA Foundation Business Economics Study Material – Demand Forecasting
CA Foundation Business Economics Study Material – Theory of Consumer Behaviour
CA Foundation Business Economics Study Material Chapter 2 Theory of Demand and Supply - Theory of Consumer Behaviour Theory of Consumer Behaviour NATURE OF HUMAN WANTS All wish, desires, tastes and motives of human beings are called wants in Economics. Human wants show some well marked characteristics as follows- Wants are unlimited Particular want is satiable … [Read more...] about CA Foundation Business Economics Study Material – Theory of Consumer Behaviour
CA Foundation Business Economics Study Material – Supply
CA Foundation Business Economics Study Material Chapter 2 Theory of Demand and Supply - Supply MEANING Supply of a commodity refers to the quantity of commodity offered for sale at a particular price during a given period of time. Thus, the supply of a commodity may be defined as the amount of commodity which the sellers or producers are able and willing to offer for sale … [Read more...] about CA Foundation Business Economics Study Material – Supply
CA Foundation Business Economics Study Material – Law of Demand
CA Foundation Business Economics Study Material Chapter 2 Theory of Demand and Supply - Law of Demand The Law of Demand The Law of Demand expresses the nature of functional relationship between the price of a commodity and its quantity demanded. It simply states that demand varies inversely to the changes in price i.e. demand for a commodity expands when price falls … [Read more...] about CA Foundation Business Economics Study Material – Law of Demand