MICROECONOMICS CH : 1 ECONOMICS AND ECONOMY — Economics STD 11 Commerce — Question

Give any one demerit of census survey.

What is meant by explicit costs?

The demand for pens has risen from D to D₁. Which of the following could have brought about this change?
(i) A fall in the price of substitute for pens.
(ii) A fall in the price of complement to pens.
(iii) A decrease in consumers income, assumi
(iv) A decrease in consumers income, assuming that pen is a normal good.
(v) A promotional campaign favouring use of pens.

How is the price of a commodity affected when its demand increases less than supply?

What do you understand by Wholesale Price Index?

Find the median of 2, 5, 8, 4, 9, 6 and 71.

Can we draw histogram from inclusive series?

Write the formula to calculate rank co-relation coefficient.

What are the disadvantages in using Paasche's formula for the construction het of a price index number?

Give the properties of mean deviation.