Economics Answers

What can the government do to address unemployment and poverty?

With an aid of a diagram discuss how a free market moves from disequilibrium to equilibrium

A student spend $400, $700 and $ 600 in years 2, 4, and 7 on purchasing necessary stationery. The total worth of these spends in year 10 at an interest rate of 5% will be equivalent to:

Within the classical model, analyze the effects of an increase in the marginal income tax
rate. Explain how output, employment, and the price level are affected. Consider cases in
which the increased revenue produced by the tax increase results in a decline in bond sales
to the public and in which it results in lower money creation.

Describe the price elasticity of demand with diagrams?

What is the effect of backward bending supply curve on output employment and real wages

Describe the Law of
Diminishing Marginal Utility. In the case of which of the following commodities the law
doesn’t work: Mango, Sweets, Sugar, Money, Rice, Wealth, and Ornament.

Suppose, the cross elasticity of demand for beef with respect to chicken is E=
+1.5. (i) If price of chicken is increased by 40%, what will happen to the demand for beef?
(ii) What kind of relationship exists between beef and chicken in this case?

What is price elasticity of demand? Mention the determinants of price elasticity of
demand. Suppose, the cross elasticity of demand for beef with respect to chicken is E=
+1.5. (i) If price of chicken is increased by 40%, what will happen to the demand for beef?
(ii) What kind of relationship exists between beef and chicken in this case?

1 ) Explain the factors that have driven the increasing domestic demand of gas