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Demand is defined as a schedule of the quantities fo good that will be purchased at various prices similarly the supply refers to the schedule of the quantities of a good that will be offered for sale at various prices. To be more correct supply of commodity is the schedule of the quantities of a commodity that would be offered for sale at all possible price during a period of time for example a day a week a month and so on.Supply should be carefully distinguished from stock is the total volume of a commodity which can be brought into the market for sale at a short notice and supply means the quantity which is actually brought in the market. For perishable commodities like fish and fruits supply’ and stock are the same because whatever is in stock must be disposed of. The commodities which are no perishable can be held back if prices are not favorable. If the price is high larger quantities of non-perishable commodities are offered by the sellers from their stock. And if the price is low only small quantities are brought out for sale in short stock is potential supply.
what is the theory of second best ? prove the theorem with the help of a diagram ?
remedies of unemployment
Economic policy efficiently: The reason for poverty and misery in the developing countries is not essentially the lack of potentialities or resources, human or material, but t
Sources of monopoly power: The main sources of monopoly power include the following: (i) Control of the entire supply of a basic input . It only one firm has access to or co
WHAT IS OPPORTUNITY COST
Do not submit more than 1 file in the Canvas submission link. A few years ago peanut farmers in India experienced a super-bumper crop due to favorable weather conditions. Initially
International economic relations also depend, in large calculate, on monetary =issues. You are unlikely to accept the Turkish Lire in payment for your wages in this country, easil
Dolph, Jimbo, and Kearney are the only individuals participating in the very particular labor market for ‘protective’ services. Dolph''s labor supply is given by ????????=-46+0.874
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
This method is also known as Experts opinion methods of investigation. In this method instead of depending upon the opinion of buyers and salesmen firms can obtain views of the spe
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