Give reasons:
Why is foodgrains elastic .
Why is colour tv is elastic .
Why seasonal vegetables are inelastic .
Plz give reasons of all 3
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1.A study once represented that a quantity of wheat equivalent to the entire production of Australia goes to waste each year in India. Rupees 44,000 crore is the value of food grains wasted in India every year.What’s more, the food grain wastage value is 150 per cent of India’s budget allocation on agriculture.
2.The SMPTE Color Bars is a trademarked television test pattern used where the NTSC video standard is utilized, including countries in North America. The Society of Motion Picture and Television Engineers (SMPTE) refers to this test pattern as Engineering Guideline EG 1-1990
3.Such figures as have been presented in this paper are best regarded as means, often imperfect, of summarising detailed information on the history of price and quantity movements which would otherwise be difficult if not impracticable to assimilate. The advantage of presenting such results for a large number of items is that they tend to reinforce each other and to reveal cases which have individual peculiarities, but the disadvantage is perhaps that too little information can be presented on individual items for any specialised interest. In particular, for the purpose of predicting the future trend of demand or prices of individual commodities any mechanical application of the income and price elasticities here presented would involve the risk of appreciable error. For such a purpose purely econometric studies of past periods form but a small part of the information available to the forecaster, and should perhaps be regarded as the one‐tenth of the iceberg which appears above the surface of the water.
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1.A study once represented that a quantity of wheat equivalent to the entire production of Australia goes to waste each year in India. Rupees 44,000 crore is the value of food grains wasted in India every year.What’s more, the food grain wastage value is 150 per cent of India’s budget allocation on agriculture.
2.The SMPTE Color Bars is a trademarked television test pattern used where the NTSC video standard is utilized, including countries in North America. The Society of Motion Picture and Television Engineers (SMPTE) refers to this test pattern as Engineering Guideline EG 1-1990
3.Such figures as have been presented in this paper are best regarded as means, often imperfect, of summarising detailed information on the history of price and quantity movements which would otherwise be difficult if not impracticable to assimilate. The advantage of presenting such results for a large number of items is that they tend to reinforce each other and to reveal cases which have individual peculiarities, but the disadvantage is perhaps that too little information can be presented on individual items for any specialised interest. In particular, for the purpose of predicting the future trend of demand or prices of individual commodities any mechanical application of the income and price elasticities here presented would involve the risk of appreciable error. For such a purpose purely econometric studies of past periods form but a small part of the information available to the forecaster, and should perhaps be regarded as the one‐tenth of the iceberg which appears above the surface of the water.
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Food grains is elastic bczz We can buy food grains Easily at any tyM
As same colour tv we can also buy at any tym so its elastic is more
Sesonal vegetalbes is seasonal we can pur. Them in only Their season therefore it is inelastic
Food grains is elastic bczz We can buy food grains Easily at any tyM
As same colour tv we can also buy at any tym so its elastic is more
Sesonal vegetalbes is seasonal we can pur. Them in only Their season therefore it is inelastic
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