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CROP PATTERNS:
Analysis of crop patterns in India should relate to the following aspects:
a) The relative significance of different crops/crop groups in the overall area under different crops. This would be an analysis across crops but relate to a specific period.
b) Trend in the change in area under different crops over time. This will be an analysis across crops and over time.
c) Relative share of different regions or states in the crop production would give a view of the regional cropping pattern.
In brief, the analysis should cover the inter-crop differences, inter-temporal differences or time trends and inter-regional differences. In the first section of this unit, let us have a view of the cropping pattern for the latest year for which figures are available.
price falls and demand is elstic
Demand is defined as a schedule of the quantities fo good that will be purchased at various prices similarly the supply refers to the schedule of the quantities of a good that will
Calculating Variance (σ) The standard deviations of the 2 jobs are: The standard deviation is used when there are several outcomes instead of only two. * An Examp
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Ask question #Minimum sources of monopoly100 words accepted#
What are the important functions to maximize total surplus? The market equilibrium maximizes total surplus since the market performs four significant functions are as follows:
determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2
1. Sam Smith owns an internet radio company that has subscribers in Houston and Dallas. The demand functions for the 2 markets are: Q(Houston) = 50-0.35P(Dallas) Q(Dallas) = 80-0.
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