TAXMANN® PAGE CHAPTER 1 Introduction to Business Economics 1 CHAPTER 2 Theory of Demand and Supply 39 CHAPTER 3 Theory of Production and Cost 165 CHAPTER 4 Price Determination in Different Markets 263 CHAPTER 5 Business Cycles 327 Solved Paper : December 2021 (Memory Based) 343 Solved Paper : June 2022 (Memory Based) 352 Contents I-5
TAXMANN® LAW OF DEMAND AND ELASTICITY OF DEMAND Meaning of Demand i.e. E.g. Mr. A’s demand for sugar at ` 15 per kg. is 4 kgs. per week. Determinants of Demand ba CHAPTER 2THEORY OF DEMAND AND SUPPLY 39
®TAXMANN 40 Price of the commodity: vice versa Price of the related commodities: Substitute goods E.g.E.g vice versa. Complementary good Income of the consumers
TAXMANN® 41 i.e. i.e. Necessaries E.g. Comforts and Luxurious E.g Inferior goods E.g. bac Tastes and Preferences of the consumers ‘bandwagon effect’ ‘demonstration effect’
®TAXMANN 108 Price Good-Xof(`) Quantity Demanded of Good-X (units) Quantity Supplied of Good-X (units) Effect EquilibriumPriceon E E i.e ` i.e ` market demand < market supply excess supply i.e., surplus supply. As a result of pressure of excess supply the market price falls to ` 4 ` ` ` the market is CLEAREDThere, is no SURPLUS. Thus, we can conclude that pressure of excess supply (surplus) re duces the price. ` market demand >
TAXMANN® 109 market supply excess demand or SHORTAGE of supply. As a result of excess demand or SHORTAGE of supply the market price will rise. i.e E E, The market has Thus,CLEARED.wecanconclude that pressure of excess demand (shortage of supply) increases the price.therefore, it is also called as the MARKET EQUILIBRIUM. MULTIPLE CHOICE QUESTIONS Law of Demand and Elasticity of Demand 1. dbac 2. bacd 3. ab dc 4. a i.e dbc 5. dbac 6. dbac 7. ba
®TAXMANN 110 dc 8. dbac 9. bacd 10. dbac 11. dbac 12. ba dc 13. a b c d 14. a b c d 15. a b c d 16. dbac 17. dbac 18. bacd
TAXMANN® 111 19. dbac 20. dbac 21. dbac 22. dbac 23. dbac 24. a b c d 25. dbac 26. dbac 27. dbac 28. a b c d 29. dbac 30. dbac 31.
®TAXMANN 112 37. dbac 38. dbac 39. bacd 40. dbac 41. ba dbac 32. a b c d 33. bac a b d 34. bacd 35. dbac 36. dbac
TAXMANN® 113 dbc 48. dbac 49. dbac 50. dbac 51. a b c d 52. dc 42. a b c d 43. dbac 44. a b c d 45. bacd 46. bacd 47. a
®TAXMANN 114 dbac 53. dbac 54. dbac 55. dbac 56. dbac 57. bacd 58. dbac 59. dbac 60. a b c d 61. dbac 62. dbac 63.
TAXMANN® 115 dbac 64. dbac 65. dbac 66. dbac 67. dbac 68. a b c d 69. dbac 70. Law of Demand bac a b d a b 71. dbac 72. dbac 73.
Rs. : 525 | USD : 38 AUTHOR : P. M. Salwan , Priyanka Jindal PUBLISHER : TAXMANN DATE OF PUBLICATION : July 2022 EDITION : 3rd Edition ISBN NO : 9789356223233 NO. OF PAGES : 368 BINDING TYPE : PAPERBACK Business (Economics)Economics|Study Material ORDER NOW Description This book is prepared exclusively for the Foundation Level of Chartered Accountancy Examination requirement. It covers the entire revised, new syllabus as per ICAI. The Present Publication is the 3rd Edition & updated till 30th April 2022 for CA-Foundation | New Syllabus | Dec. 2022/June 2023 exams. This book is authored by Dr P.M. Salwan & CA Priyanka Jindal, with the following noteworthy features: · Strictly as per the New Syllabus of ICAI [Simple & Lucid Language] has been used throughout the book to present the subject matter [Topic-wise Coverage] and presentation of concepts · Coverage of this book includes: o Practice Questions from the ICAI o Past Exam Questions Solved Paper: December 2021 (Memory Based) Solved Paper: June 2022 (Memory Based) · [Student-Oriented Book] The authors have developed this book, keeping in mind the following factors: o Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations o Shaped by the authors' experience of teaching the subject matter at different levels o Reactions and responses of students have also been incorporated at different places in the book
