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How to Induce Consumption Propensity

In general, consumption propensity is nothing more than that of human tendency,…

What Factors Affect Consumption Function

Before we proceed to a detailed description of factors affecting consumption fu…

Is there really a psychological law in economics?

To know whether there is a psychological law in economics or not, if there is, …

Solved National Income Problems

1- Solved problems of national income measurement 1.1- Consider the following d…

National Income Measurement

1- Methods of Measuring National Income  There are three main methods of measur…

National Income

1- Meaning and Definition of National Income  National income is the sum of inc…

Principle of Effective Demand

1- Concept and Meaning The principle of effective demand is the beginning point…

Calculus

Given the utility function of good x and y as, `\U=\x^{3/4}\y^{1/4}` Prices of …

How to Calculate Elasticity ?

Solved questions,  1- Tom purchased 10 units of a commodity when its price was …

Circular Flow of Income and Expenditure

1- Meaning of Circular Flow An economy consists of various economic agents lik…

Scope and Importance of Macroeconomics

1- Scope of Macroeconomics Macroeconomics is the study of economic behavior and…

Solved Case Analysis Questions-1

This page consists of some examples of case analysis-type questions and their s…

Meaning and Types of Elasticity of Demand

1- Elasticity of Demand Elasticity of demand refers to the responsiveness of qu…

Equilibrium of Demand and Supply

Equilibrium  Generally equilibrium is a state in which various forces are in ba…

Law of Supply

1- Law of Supply The quantity of a commodity that is supplied is influenced by …

Concept and Meaning of Supply

Concept and Meaning of supply 1- Meaning of Supply In common sense, supply refe…

Movement along and shift in Demand curve

Movement & Shift in Demand Quantity demanded of a commodity is determined b…

Issues in Macroeconomics

Issues in Macroeconomics Macroeconomics concerns with the way of behaving of th…

Law of Demand

1- L aw of demand Demand for products and service is impacted by various elemen…

Demand Function

1. Demand function The amount demand of a product is impacted by its determinan…

Introduction to Macroeconomics

1- Introduction to Macroeconomics The word economy comes from the Greek word &#…

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