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Assignment Questions
Assignment Questions
ASSIGNMENT
QUESTIONS
ASSIGNMENT QUESTIONS
1. Define Demand and explain the factors that influence the demand of product.
2. State and Explain the Law of Demand. What are its exceptions.
3. Define Income Elasticity of Demand. Explain various type of Income elasticity
4. What is Demand forecasting? Explain the Various methods of Demand
forecasting
5. Explain and illustrate the following and also mention why do they arise.
a) The Law of Constant Returns
b) The Law of Increasing Returns
6. Define Monopoly. Explain Price-Output Determination under Monopoly.
7. Discuss the features of Perfect Competition and explain how price is
determined under perfect competition.
8. What are the salient features of Monopolistic Competition? Explain Price
Output determination under Monopolistic competition