Explain the law of demand with the help of a table

Reference no: EM133344228

Question 1. Explain the Production Possibilities Frontier with the help of a table & graph?

Question 2. Explain the Law of Demand with the help of a table & graph. Discuss in brief the factors which influence the demand for a commodity.

Question 3. Discuss the Law of Marginal Utility Theory with the help of a table & graph.

Question 4. What is a budget line? How the changes in income or price affect the budget line?

Question 5. Define perfect competition. Explain graphically how is price & output determined under it both in short & long-run.

Question 6. Define Monopolistic competition. Explain graphically how is price & output determined under it both in short & long-run.

Reference no: EM133344228

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