New Online Batches

Online Coaching for Indian Economics Services and Other Courses

IES, IAS Economics Optional & UGC Net Economics Preparation

Online Courses: Indian Economic Services, IAS Economics Optional, UGC Net Economics

December 02, 2021
INDIAN ECONOMIC SERVICES : REVEALED PREFERENCE THEORY
INDIAN ECONOMIC SERVICES : REVEALED PREFERENCE THEORY

Revealed Preference Theory (IES 2019) Topic Discussed Revealed Preference Theory Assumption The principle of Revealed Preference Weak Axiom of Revealed Preference Past Year Questions Discussed Q 2 (c) IES 2019 An individual buys two goods X and Y at prices Px and Py. Check whether her behavior satisfies the Weak Axiom of Revealed Preference, given the following information: When (Px , Py) = (1, 2), (X, Y) = (1, 2) When (Px, Py) = (2, 1), (X, Y) = (2, 1) Elasticity of Demand and its relation with the Slope of Demand Curve (IES 2011, 2015, 2017, 2019) Topic Discussed Elasticity of Demand and Supply Price Elasticity of Demand Arc Elasticity Problems in using Arc Elasticity Point Elasticity of Linear Demand Curve Constant Elasticity Demand Curves Elasticity of Demand Curves Parallel to each other Elasticity of two intersecting Demand Curves Elasticity with Different Slopes of Demand Curves Past Year Questions Discussed Q 2(a) IES 2017 How can you measure the price elasticity of demand at any point on a straight line demand curve? Q 2(b) IES 2017 Compare between price elasticity at a given price and also at a given quantity for a set of parallel demand functions. Q 3...