thanks a lot I read all your chapters are very good and because of you I can score better marks and may glodd bess you and have successful in your life.
Sir im having a doubt in ques.8 (b) part . For the market for cigarettes with increase in taxes Why would the demand curve shift if there is an increase in tax?? Isn’t it suppose to be movement along the demand curve itself ??
the change in price due to tax will result in the movement along the demand curve of CIGARETTES. but in the market of cigars and chewing tobacco the "demand curve of cigars and chewing tobacco" will shift due to "taxes on cigarettes" .
When an increase in the price of one good lead to a decrease in the quantity demanded of the other good, the two goods are called complements. Hence when the price of hotdogs rises, the quantity demanded of ketchup falls.
thanks a lot I read all your chapters are very good and because of you I can score better marks and may glodd bess you and have successful in your life.
@@economicscourse it's my pleasure
17:21 Hello, I would like to ask if what's the main problem in this question no. 11? Is it the increase in price or not?
Sir im having a doubt in ques.8 (b) part . For the market for cigarettes with increase in taxes Why would the demand curve shift if there is an increase in tax?? Isn’t it suppose to be movement along the demand curve itself ??
the change in price due to tax will result in the movement along the demand curve of CIGARETTES. but in the market of cigars and chewing tobacco the "demand curve of cigars and chewing tobacco" will shift due to "taxes on cigarettes" .
Example 9 is not clear seen can you help to see it clearly ??
I can't understand how the demand in ketchup will decrease even tho its a complement of hotdogs whose demands are rising? q.7
When an increase in the price of one good lead to a decrease in the quantity demanded of the other good, the two goods are called complements. Hence when the price of hotdogs rises, the quantity demanded of ketchup falls.
Thanks a bunch sir❤️❤️❤️
Appreciative work'