unit-2-basic-economic-concepts

Unit-2 Basic Economic Concepts

In this unit we will first spell out the distinction between micro and macroeconomics.

You are fond of tea. Analyze what happens when price of coffee rises; your income goes up and suddenly some guests come to stay with you?

{{currentAnswerList.length}}   Answers

1   Answers

















































































{{ans.user.userName}}

Written on {{ansDate($index)}}

{{trustHtmlContent(ans.answerContent)}}





Learning Pundits Content Team

Written on Apr 25, 2019 12:18:24 PM

The demand curve for tea shifts upward to the right. In other words, at the same price you tend to buy more. This phenomenon is known as increase in demand



Weekly Contests Leaderboard


Rank - {{getRank($index,weeklyWinner)}}: {{weeklyWinner.userName}}

Loading...

« Previous Next »

Subscribe to our RSS Feed