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    Atri Deb Chowdhury
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    1. The document presents an economic model that represents households and firms engaging in exchange of goods and services in a market setting. Households are buyers who exchange money for goods, while firms are sellers who exchange goods for money. 2. The model shows demand curves representing households' demand for goods and services at different price levels, as well as supply curves showing firms' supply of goods at different price levels. 3. Changes in preferences of households, income levels, prices of related goods, production costs can cause the demand and supply curves to shift, resulting in changes in market prices and quantities exchanged.

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    1. The document presents an economic model that represents households and firms engaging in exchange of goods and services in a market setting. Households are buyers who exchange money for goods, while firms are sellers who exchange goods for money. 2. The model shows demand curves representing households' demand for goods and services at different price levels, as well as supply curves showing firms' supply of goods at different price levels. 3. Changes in preferences of households, income levels, prices of related goods, production costs can cause the demand and supply curves to shift, resulting in changes in market prices and quantities exchanged.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    24 views5 pages

    Adobe Scan 25 Nov 2020 PDF

    Uploaded by

    Atri Deb Chowdhury
    1. The document presents an economic model that represents households and firms engaging in exchange of goods and services in a market setting. Households are buyers who exchange money for goods, while firms are sellers who exchange goods for money. 2. The model shows demand curves representing households' demand for goods and services at different price levels, as well as supply curves showing firms' supply of goods at different price levels. 3. Changes in preferences of households, income levels, prices of related goods, production costs can cause the demand and supply curves to shift, resulting in changes in market prices and quantities exchanged.

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    © All Rights Reserved
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    of 5

    AssMAte

    Date.

    A Des Choaur/RaA-240/ HECCRIOIT Page-

    DaADdeecaamusis ube a denmaestrate he aus betoee


    ooaL 0gests e econ.am(hauee haldsand ua
    sruasod astitr utio of sarket ts a e ciener tlae
    Ccla lo amadelL uhida n used a oraanize ae
    econD 0md to demauetvate hs exchame da0Dds ama
    sexuiees b e , hab happes in e ShciA tabae
    deaied a aetltate exdange_called e axket
    Kad e houeehalds and i s ianzexraedt ae madkA
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    Atalearue
    Adlomeutay reprepentatiom e a a aus nadel.=
    asto paunaendts

    Factorinpd

    Houee
    FtrsS olds

    Etpendetoe

    i s wbde Reve a a o goods aod seice

    hee ase tso appes oexclhomge takiq place tie


    oney
    HMst e ecchanae o goads av eendibire Here,
    e
    hcucelde are he uuev and e m ave e selles
    e tn byaduce aese qaadts a i c h hese
    and sella to e hante-
    oldglexcaamae s maney is e expendbre
    Ls ekchange takes place i arket fav seds atns
    Date
    Page

    See i e cceange aciax 'pts far achav pauet


    Hexe, the os ave e e,_and e hauseludds a
    dhe tlevsHonelsds o e bataa a produttinm a
    sicdh the(tamstsce exelange foractaespasmta
    heoKuSages and pro i s excdhange tak
    place t a aanket (ar ackas praduetian
    A Lovta acAummtion ade t ae wedel t a t
    Ea pradnce e sadsand oute alds bu the
    Sactavasf
    rodiactian
    LHhac the otee nins t e naeelL vepresends baces
    exchanae he anter inm daass tae o dmone
    2 Sits demand Cuerue
    Sfa n e aenaAnd cwse ake place ahe Raexe is
    chauge i A he tea barasmeten-

    aRiee Satutes
    Laere A A iatusaed ait in he denand aara
    o _a riae ae priee s Leiktndtes And
    OLce 9evsa
    Spposeke tae þrice cokfee ises h antamati-

    denand
    colfee itt cheabe spiansta Hence, thexe stll be
    A he demana crse_ slie
    Bhot on e 4ane dial pxite, a Axeatev ajaatty
    ea LstU mas bt demanded
    elasSMAte
    Date
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    ere sL Le a ialstusesd ait a Be demand c e


    si an meree the maaeyacome d e toorsrmers
    CDsAbAnexs, e at ae peced aaad iaá nan-ike
    or aaad , Dnd gice 9exsa
    he aemaud pr meiee uoil inereaue Lai aanrease
    lasame casamer tch lmples he same phemetnenck
    P
    CIASSMAte
    Date
    Page

    laskes 4 Prefereaces.
    There isa dhante the deaaud @uve accardiag ta
    h e chasqe a the þrecevexaces aC0mEAEvS kia dha
    easanal

    DY xAple ae_usiter abpccadae e denmand o


    SAatexs AppYsAches LShteh aneAns CombummerS Are
    YPad ta bu a areater apaontit oseaters a a qtue
    priesaishia same Sor fe iitial and cuYet oey

    heve tashtt ia bubpluAe


    T
    Lalen a changt

    Piee pts=
    LSeasse ere An inCrease inne pRce o ipesy
    saespvice s atevials aa ete: ) taere to a
    ad e sevsa
    Hece produeevs tsAat o broduce a Lecse ananiby
    elassMAte
    Date
    Page

    lech ala
    heve s a richtsaxd d a he spply cuvoe
    ahe e tedhnoloay d praducdiom is Leey Produde
    pcaduse uome as ts easiex dve a ner technde9y

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