Wednesday 13 June 2012

DEMAND CURVE GRAPH TUTORIAL

example showing how to make the demand curve graph
take the scale as y axis 1 div =1 unit and x axis  1 div = 1 unit
 TAKE A LOOK FOR SALT(DEMAND SCHEDULE GIVEN PREVIOUSLY)

PRICE          QD
40                 100
50                  80
60                  72
70                  66
80                  60

THE DEMAND CURVE WILL BE
BY THIS METHOD YOU CAN MAKE THE OTHER GRAPHS
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Tuesday 12 June 2012

Math Rap

 
Mathematics Rap song-All I do is Solve :D
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DEMAND CURVES





DEMAND CURVES

FOR ELASTIC ONLY THE SAME PROCESS IS USED FOR IN ELASTIC DEMAND.

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revised

revised edition of the Demand Schedules.....

Elastic demand
1)LCD TV
PRICE                Q.D
45000             100                    ep=1.125                                                         
50000              80
65000             40
70000               35
75000               25
%change in price=  66.66%   %change in q.d=75%

2)REFRIDGERATORS
PRICE         Q.D
25000          50
30000          25                   ep=1.125
35000           20
40000            15
45000             5
%price=80%             %q.d=90%
3)JEWELLERY (DAIMOND)
PRICE            Q.D
30000           200       ep=1.425
35000             100
40000           50
45000              25
50000            10
%price=66.66%             %qd=95%

4)LUXURY CAR(AUDI A6)

PRICE                    Q.D
3000000           100                              ep=1.380
3500000             50
4000000                25
4500000                10
5000000                8
Price%=66.66%            qd%= 92%
5)WASHING MACHINE
PRICE                    Q.D
25000                    150
30000                    75           ep=1.125
35000                    55
40000                    35
45000                    15

%price=80%           %qd=90%

INELASTIC DEMAND

1)SALT
PRICE                    Q.D
40                           100
50                           80
60                           72                           ep=0.4
70                           66
80                           60
Price%=100%   qd%=40%
2)MEDICINES
PRICE                    Q.D
60                           250
70                           250                         ep=0.096
80                           245
85                           242
90                           238
Price%= 50%    qd%=4.8%
3)SEASONAL VEGETABLES
PRICE                    Q.D
70                           75
85                           64             ep=0.443
90                           63
105                         57
110                         56
P%=57.14%        qd%=25.33%     
4)ESSENTIAL CLOTHING

PRICE                    Q.D
110                         125
115                         120         ep=0.440
125                         118
150                         110
200                         80
%p=81.81%         %qd=36%
5)PETROL
PRICE                    Q.D
45                           100
50                           95
65                           80           ep=0.405
70                           76
75                           73
%p=66.66%   %qd=27%
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Monday 11 June 2012

demand schedules.....:)


Elastic demand
1)LCD TV
PRICE                Q.D
45000             100
50000              80
65000             40
70000               35
75000               25

2)REFRIDGERATORS
PRICE         Q.D
25000          50
30000          25
35000           20
40000            15
45000             5

3)JEWELLERY (DAIMOND)
PRICE            Q.D
30000           200
35000             100
40000           50
45000              25
50000            10

4)LUXURY CAR(AUDI A6)

PRICE                    Q.D
3000000           100
3500000             50
4000000                25
4500000                10
5000000                8

5)WASHING MACHINE
PRICE                    Q.D
25000                    150
30000                    75
35000                    60
40000                    48
45000                    38



INELASTIC DEMAND

1)SALT
PRICE                    Q.D
40                           100
50                           80
60                           72
70                           66
80                           60

2)MEDICINES
PRICE                    Q.D
60                           250
70                           225
80                           203
85                           193
90                           190

3)SEASONAL VEGETABLES
PRICE                    Q.D
70                           75
85                           64
90                           63
105                         57
110                         56

4)ESSENTIAL CLOTHING

PRICE                    Q.D
110                         125
115                         120
125                         118
150                         110
200                         80

5)PETROL
PRICE                    Q.D
45                           100
50                           95
65                           80
70                           76
75                           73

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