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Business Economics
1. Analyze various factors
influencing the demand for a commodity. Which of these factors will
particularly influence demand for the following commodities? Why?
a) Ice-cream b) Sugar c) Pen d)
Designer Jean (10 Marks)
2. What do you mean by
Monopolistic competition as a common type of market? Discuss two important
features of monopolistically competitive market – product differentiation and
selling cost by taking real world cases. Also discuss how these two features
have an influence over the demand for products under monopolistic competition.
(10 Marks)
3. Read the paragraph below and
answer the question given at the end of the paragraph.
a. According to a study of a
rental market for VCDs, the price elasticity of demand for VCDs rental is 0.7.
It means, 10% increase in the price of rentals, leads to 7% fall in the demand.
This further means, the demand for VCD’s on rental is price inelastic. Mr.
Jagjit, who is in the business of VCD rentals, increases the rentals by 25% on
the basis of the information made available by the study, with expectation of
raising the revenue. But contrary to his expectation, his revenue in fact has
decreased. What is the mystery? (5 Marks)
b. Business cartels are the
unique feature of oligopoly. Explain the nature and working of cartels with the
help of an example of OPEC as an international cartel. (5 Marks)
Assignment Solutions, Case study Answer sheets
Project Report and Thesis - Contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224
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