SeRes a Pata HAMMER TO ECONOMICS A ie 2 Ps ‘> al Z . E a py ae ha HISTORY OF ECONOMICS CONCEPT AND WRITTEN BY: SUYASH MUNDHRACLASSES BY SUYASH MUNDHRA CONTACT: 8582973756 ACCOUNTS CLASS XI,XII,CA & CMA FOUNDATION COMMERCE/BST CLASS IX TO Xi ECONOMICS Ce arch) NT CA & CMA FOUNDATION B.com (Practical)Fon Isc -\2 % CRBSE-\N Demand Laddlinge At Vaninas. possible exch [Bonar coat 4 tay Se Atjets Duning & given Purchase Penicd of, Hoe (Desine should be backed by the abilily & Willingness de_poy_lpx. il} |B) Ty bes of Demena: Copan ¥ Hh HiTeavidest on MMEs A Household is willing #& Able te Purchase ak Vanious price duning @ given temo’ ob ane aie AMOUNT Markek p> Willing # Able te Purchase ab cae MUNDHRA fomiod of, “hme THE COMMERCE ERA HD | nuome of, Consemee = Centon vel, abten that Conshent- Bh Consent Taste # Hobie, Aavenkisment, Taventone, boshin y keets or Preference cheaging Substitute Goods (Sohaly sem nets) Fate TH Price of Related Guede: PN dat) d+ Collen Com|alementony Coscle (used ov Consumed Price fegethen) Perel ion Phy dat aa CAFahune Price(t) dd C1) todey Pie Breck hon i he Falune Price( 4) dd (4) todoy. B cnedit Focilthes Aveilable, da) TD pemonstoetion Ephect ‘Tendency + emulete He Conswmplon Sty ler, athens Bh Size 4 Populehon — Longen the populahon, mone it the ad. BL Lomboaition wf population ' Male, Lemale, childnen, Teenegen, old ete HH Pistribuhin ef, Trome | SxS a rican THE COMMERCE ERK Wi Go vena! Use. S Vv Shel, bledtaiay consumed, hives essen sahisfoclion. Price Vsed for V) Max Sakis}oction fe Mun = Px Subsh fukion) £ Nery gh Most Imp arbese YA Concur would Ex: Fall Vv Fon New - teh wehase Large a . ea Coffee Consumen. © fall Ness Smbp. Panton ge OH om PSP (anh) Ww ponpese Pare fall. ‘nue Consumen Qyt Qty some. Tea = chee pen Wik +: oR "High Rich ‘ideas Sove- Cobbee = CasHien- Little Moderate Fall Brvom&, + Mone — paon. Fait1B Exception to Lew of, Demon a: = { t y : + Hi Gijjen Goede Wisneb Appect. MPrice Exbeclahon il cage Hlauonhity Price Relahsachip nhenion Gouds, in Cod so| Skalus Prue} Future dat Exbect! She her ds, | s : t ‘pec teye oday| Price Price ts the Shends Lerqe ie Reelin Ptda T Tadierbor oy af We : =the |e tre! Ppriveh We fonume. Ges the feeling ae) es aa Eubect: Depacsin UME wi(y ace PL dal Pricef a4 si. poses Money Real ee Ona tne Smee re Ww y Price aah \Consumen's Purchasing nueene Power. Paice ob] Real fda “Zh “Se [sees Cyods V Prive of aay 1k Srume (Ther will be Po Cat lonsum Supenion SUYASH {BBs doen Co TE | Pochen se Sie MDermendl * Contac chin me XS fo Exbonsin ti Ss oe er Oe 6 Deenersein Demand OG Morket bemend. Schedule Tabuten baesentalion that shows VOnioas Q Coramy ily thot alt househetd would be Willis, 40 Purchase at Vorwons possible mies duninge % given period e fae ie = ig! P (A) Tadindvat Demand Schedule Tabuten baesentahon that shows Vo micas Qh ef Commodity thet a household” would be’ jilling= fo Purchase at Vorions possible Pe ee Sager pened of teWS Graph Na, Ba, 3N- py Axis. &: Quen Y Brame Tr NG * NG: Inuomet Pemend ft i Tq Iq: Towmet Dernond f ( upts Centoiale velo Sruene) an on x, Trme t Derma b TN: Tnwome T Demond f (vph Contin lerel ob tim Brame OL2) oO Oty * Demand = Conalen b+ (Bl Elsticty oF Demend: Res: [OBL Fine Elastic of SUYASH ee Tnelache- De a , , ; Price : f ae MUNDHRA Conve: iach amen av Ga 2 tna) Coops MAE Pacccrtege Methed/ Prepor eps Ai 7 Bin Price Exomple + Price(t) @ly AQ= 50 (130 -(00) Dy bre (2-4) \oo Te P s° so ar) t 4 12 Q@ +100 2s Langen Value ( is Senihive Advenlge: Execk Meosune of — + Pricey ‘Smallen Vine ( be ts ey en sihve,Small Ain dd: Tribal Qty [Price is rot ised vaniqa: Requinmentep Base bh the | Releverk Large din dd: Tikal Qh|pme Releverk [ABE Expendibune Meta: (TE = Pxa) Elashal: Ain TE aso nesulkof Bin Price t : J 4 HE fashic Demend Erieleshe DemenQ BUniteny Dermend. Priced TE? on faicet TED ge in Expendihes nge in Prive. Ep: >t Eloshaty Price MUNDHRA THE COMMERCE ERA | IH Factors effecting, Elasticity: Bi Aveibinl of Subsbhte: Close cabsbbte ! Demond Floste 1) Weak Subshtte: Demond Inelashe HE Notune of Commedity i) Necessifies: Demond Tnelashe ( Essenhal) it) Combont/ Lucunies: Demend TElashe (Pafensrd] Poukponed)Bl Propathon of Snvome Spend. i) Smallen pertion : Demond less Elostc/ Ineleche ( Seep, Shorper) 1) Largen forhion: Demond Floste. (Fonm fare) Bh No.of use of Commodity i Gneoten Ne. of Use! Pemond Elestic Paice High)! Demand ( Mosk important use) Price (Low)! Pemend( less imporfomt use) BE Time panied: \) Shont Peniod: Demand (less Elashe) i) Long Penied > Demond Floste . Reason: Jn Shoat ened! i HE Postponement Posa bili Bh Price Renge: SNES BS eee = ce ey Bh Menobalisk (Priee diseren ne Efeche dd. TH beleamne Pactn Prive 1 blab Play imberknt Role in debenming Factor Priv rape IF demond rh Leboun } "7 Attempt by Trade * Lormmedity made by Labor Uninen fs Tre. Wage Rate will bait. Boh = Blashe Wages 't Price of Commodity ¥ Demend 4 BE Grovenament Policies : Taxation Foigg Elashesty is imponloak in honmuls hoy Subsidy Poliag Detenmine price of Public utilibes,Tox Rate tT Revenue at «© Whea Penond ic Trelashe Geit of drab Pam ew lay Commed ity. Thad: Elastic, TaxT Revenue oR Gat & BB Intennahions| Trede: Elactialy helps in de teaming tenms of Trsde. Trproyement in Tenms of Trade: Deloniahon in Tenms of Tnede: Paice of Export | Relakive + Price of Felerha | Relahve te Goods Price ob Smposted Goods Price o, Lenperted Goods Chev Demand ber it Elashe : BOP ump BOP un foveurable Expoat & 7) is Tnelwhe: Bao Bop Foveunable- Tnpent a. Fxcheng Rate: Bi Tnauen, eth ey Comomty VOM Geman) Exowple fee . Paya oxUnY siden 9 | in Fonm oF H | Treome Elesheity of 2 Bhocihve Secome Begs e eno Ancome Fleshatye Elathaby- Evechaly BeumeN Demand MN Seume ty Demand Jt Snvemedl Demend (uncher 4) (CPosihve Relahon ; Nonmal Gods) (Negative Rela hon 5 Talenor ( Thespensiv Es senha) Goods) Brune Bnume Unilan Flashe * Tnela she Flas te, Boonen t ay t mw | Sy] srame |PBL Ceas fprice Bish eA in Paice 1 i ty Posibve (Subshhite) a Megatve ( Complementing ) | Price of dd ice AP ddepy (Pn icopTeat dd of Coffee) Price of Feefnet P dag Gnd ) BnumeN Demond MH (Posive Relation ; Nonmal Gosds) - SUTIN NCR SOR aaa. THE COMMERCE ERA