Attempt all the problems
problem1) What are the important features of a mixed economy? How is it different from capitalism?
problem2) Describe the law of supply. Show its exceptions and what are the major determinants of elastically of supply of a commodity?
problem3) describe market? Describe market equilibrium of commodity diagrammatically? And what are the characteristics which have to be considered while identifying the market structure?
problem4) Describe fully concept of monopolistic competition.
problem5) prepare brief notes on the following:
(a) Collective Bargaining
(b) Regulation of Monopoly
(c) Economic Costs
(d) Determinants of Demand