If a buyer’s willingness to pay for a new car is Rs. 200,000 and she is able to actually buy it for Rs.1,80,000 her consumer surplus is

Suppose that at a price of Rs. 300 per month, there are 30,000 subscribers to cable television in Small Town. If Small Town Cablevision raises its price to Rs. 400 per month, the number of subscribers will fall to 20,000. Using the arc elasticity (midpoint) method for calculating the elasticity, what is the price elasticity of demand for cable TV in Small Town?

Suppose that the price of a new bicycle is Rs. 200. Natalie values a new bicycle at Rs. 400.What is the value of total consumer surplus if Natalie buys a new bike?

Which of the following represents a movement towards better utilisation of existing resources?

Point F in figure 1 represents:

Read Figure 1 and answer the question.

If the economy moves from point A to point D in Figure 1 then:

Read Figure 1 and answer the question.

Refer to Figure 1, if the economy was operating at E:

Read Figure 1 and answer the question.

Refer to Figure 1, if the economy is operating at point C, the opportunity cost of producing an additional 15 units of bacon is

Quantitative restrictions on _________ items were removed in the EXIM Policy of 2001-02.

Over the years the number of cancer cases has _________.