Study Groups By Subject code Wise (Click Below on your university link & Join Your Subject Group)

[ + VU Study Groups Subject Code Wise ]  [ + COMSATS Virtual Campus Study Groups Subject Code Wise ]

Looking For Something at vustudents.ning.com?Search Here

Information

ECO401 Economics

ECO401 Economics.Download/upload Video Lectures, Handouts, Helping Materials, Assignments Solution, Online Quizzes, GDB, Past Papers, Solved Papers and more….

Members: 1088
Latest Activity: 13 hours ago

Dashboard of ECO401 Economics

+ Latest Activity in This Group + Newest Discussoins in this group

+ Most Popular Discussions in this Group + Add New Discussion

+ View All Discussions in this Group + View All Featured Discussions

Download Video Lectures No.1 to 45

Tips to Use This Group:

  • Before asking about any assignment/GDB/online quiz solution to others, you should be checked the Discussion Forum topic list to avoid the lean in this group. You can also search the assignment/GDB/online quiz solution by the subject code or name through discussion search bar that is available on the discussion forum.
  • When you have questions for your fellow Friends, Please start a new Discussion. I think this will help get more attention to your questions, quicker. EVERYONE, please feel free to start your own Discussions.

Discussion Forum

Economics 401

Started by Mohsin Khokhar. Last reply by ANEES SAHIR RAJPUT on Saturday. 7 Replies

Eco401 QUIZZ#4

Started by MoonaButt(Mass Commu)2ndSemester. Last reply by MoonaButt(Mass Commu)2ndSemester Aug 13. 3 Replies

Eco401 QUIZZ#3

Started by MoonaButt(Mass Commu)2ndSemester. Last reply by Arslan Sadiq (Overseas) Jul 30. 8 Replies

ECONOMICS (ECO401) Quiz # 02

Started by + M.Asif. Last reply by Mania Malik Jun 12. 7 Replies

Eco 401 idea solution

Started by Decent Boy. Last reply by Abuzer Mir Jun 5. 1 Reply

quiz#1

Started by MoonaButt(Mass Commu)2ndSemester. Last reply by MoonaButt(Mass Commu)2ndSemester Jun 4. 3 Replies

ECONOMICS (Eco401) Quiz # 01

Started by + M.Asif. Last reply by مَلیکا ایمان May 25. 43 Replies

for past papers

Started by Mehar Zeshan (BSCS 3rd) Mar 1. 0 Replies

eco quizz

Started by zarnain. Last reply by kamran Feb 24. 3 Replies

ECO 401 past papers

Started by + Iuuoɔǝut+. Last reply by preety doll Jan 31. 2 Replies

ECO401 latest solved quizes and solved papers required

Started by Rizwan Ahmed. Last reply by + M.Tariq Malik Dec 10, 2014. 1 Reply

10 Latest Featured Discussion >>> (For Old? View All Featured Discussions.)

Loading… Loading feed

Comment Wall

Comment

You need to be a member of ECO401 Economics to add comments!

Comment by maheen_majeed1994@yahoo.com on August 28, 2015 at 1:39pm

thanks 

Comment by Muhammad Sajjad Hussain on June 29, 2015 at 6:21pm

How to Calculate Price Elasticity of Demand (PED)

price x quantity = total revenue

9 x 2 = 18
8 x 3 = 24


%change in quantity / %change in price = PED


how to calculate % change

new - old / old

1) % change in quantity

3-2/2 = 50

2) % change in price

8-9/9 = -11.11

50/11.11 = 4.5 (elastic)


elasticity


when PED > 1 then elastic
when =1 then unit elastic
when <1 then inelastic

Now consider over university quiz.

When the price of petrol rises by 12%, the quantity of petrol purchased falls by 8%. This shows that the demand for petrol is:

%change in quantity / %change in price = PED

8/12=0.66

result < 1

Answer: inelastic

Comment by Hafeez ur Rehman Fahad on November 27, 2014 at 1:53pm

Solution of Q1 a

Qs = Qd

200+800P=2000-400P

200+1200P=2000

1200P=1800

P=1800/1200

P=1.5

Now we put price in any of demand and supply question

Qs= 200+800P

Qs= 200+800(1.5)

Qs= 200+1200

Qs= 1400

Solution for Q1 b 

PЄd = -400     x          1.5/1400

PЄd = -0.429 

PЄs = 800       x          1.5/1400

PЄs = 0.857 

Solution of Q1 c (graph showing surplus) 

Solution of Q2 Part A 

PЄd     =          -0.1035 ( business travelers) 

PЄd     =          -1.335 ( tourists)

 Solution of Q2 Part B

discuss the variation 

you have to discuss that in business travlers there are regular variation, give some reasons (inelasticity, necessity)
for tourist it is elastic and very irragular variations , there may be many factors like future price expactations, alternative ways etc etc 

Comment by +★ HAMMAD ★ on September 17, 2014 at 3:19pm
Nice group
Comment by Happy cнαи∂α :) on August 29, 2014 at 10:08am

Princoooo bhai ap apna paper share krdy na plzzzzzz

Comment by Thirsty Vampire on August 26, 2014 at 9:17am

i will be v. thankful......

Comment by Thirsty Vampire on August 26, 2014 at 9:16am

so, help me be4 it.....

Comment by Thirsty Vampire on August 26, 2014 at 9:16am

my paper is on Thursday

Comment by Thirsty Vampire on August 26, 2014 at 9:16am

pplease someone give me really good help 4 that

Comment by Thirsty Vampire on August 26, 2014 at 9:15am

very scary ab8 eco 401 paper...........

 

Members (1088)

 
 
 

Main Forum Discussions By Categories Wise

Latest Activity In Forum

Newest Discussions In Forum

Most Popular Discussion

Picture of The Day

  • Add Photos
  • View All

Member of The Month

© 2015   Created by + M.Tariq Malik.

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service