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Types of Elasticity of Demand | Elasticity of Demand in Hindi | Price | Income | Cross Elasticity
"Types of Elasticity of Demand." If you've ever wondered why some products' prices fluctuate dramatically while others remain stable, or why consumers respond differently to price changes, this video is for you.
In this video, we will cover the following key topics:
1. **Elastic Demand:** We'll start with an explanation of elastic demand, where relatively small price changes lead to significant shifts in quantity demanded. Real-world examples will illustrate this concept.
2. **Inelastic Demand:** Next, we'll explore inelastic demand, where consumers are less responsive to price changes. You'll discover how some products are considered necessities, leading to relatively stable demand.
3. **Unitary Elasticity:** We'll introduce the concept of unitary elasticity, where the percentage change in quantity demanded is exactly equal to the percentage change in price. This equilibrium point has important implications for businesses.
4. **Cross Elasticity of Demand:** You'll learn about cross elasticity of demand, which measures how changes in the price of one product affect the demand for another. This is especially important in understanding complementary and substitute goods.
5. **Income Elasticity of Demand:** Income elasticity of demand explores how changes in consumer income impact the demand for various products. We'll discuss luxury and inferior goods and their elasticity characteristics.
6. **Calculating Elasticity:** We'll provide clear examples and explanations of how to calculate these various elasticities with practical scenarios.
Understanding the different types of elasticity of demand is essential for businesses, policymakers, and consumers. By the end of this video, you'll have a solid grasp of these economic concepts and how they influence pricing, marketing, and public policy decisions.
Types of electicity of demand
types of elasticity of demand in economics
Переглядів: 54

Відео

What is Elasticity of Demand in hindi ? Elasticity of demand in Economics
Переглядів 64610 місяців тому
What is Elasticity of Demand? Elasticity of Demand is a fundamental concept in economics that helps us understand how changes in price affect the quantity of a product or service consumers are willing to buy. It's crucial for businesses, policymakers, and anyone interested in how markets work. In this video, we'll cover the following key points: 1. Definition and Formula: We'll start by explain...
What is Monopoly market in economics ? | Monopoly market in economics | features of monopoly market
Переглядів 3010 місяців тому
"Understanding Monopoly Market in Economics | Explained Simply" In this video, we delve into the fascinating world of economics and explore the concept of a monopoly market. Whether you're a student studying economics or just curious about how industries work, this video is for you. 🔵 What is a Monopoly Market? We'll start by breaking down the fundamentals of a monopoly market, where a single c...
What is Explicit Cost and Implicit Cost in hindi | Theory of Cost | Economics | Cost | Cost Concept
Переглядів 22610 місяців тому
Explicit costs and implicit costs are two fundamental concepts in economics that help in understanding the true cost of production and the decision-making process of individuals and firms. 1. Explicit Costs: Explicit costs, also known as accounting costs, are the actual, out-of-pocket expenses that a firm or individual incurs when conducting a business or any economic activity. These costs are ...
What is Rectification of Errors in Hindi | Two Sided Error | Part - 4 | Class 11 | Accounts | 2023
Переглядів 7210 місяців тому
Introduction to Errors - We begin with an overview of errors in accounting, their types, and the importance of rectifying them. Types of Errors - Delve into the categories of errors, including errors of omission, commission, principle, and compensating errors. Detecting Errors - Learn how to spot errors in financial statements, including the trial balance and other key documents. Step-by-Step E...
What is Rectification of Errors in Hindi | Two Sided Error | Part -3 | Class 11 | Accounts | 2023
Переглядів 4910 місяців тому
Introduction to Errors - We begin with an overview of errors in accounting, their types, and the importance of rectifying them. Types of Errors - Delve into the categories of errors, including errors of omission, commission, principle, and compensating errors. Detecting Errors - Learn how to spot errors in financial statements, including the trial balance and other key documents. Step-by-Step E...
What is Rectification of Errors in Hindi | Two Sided Error | Part -2 | Class 11 | Accounts | 2023
Переглядів 8711 місяців тому
Introduction to Errors - We begin with an overview of errors in accounting, their types, and the importance of rectifying them. Types of Errors - Delve into the categories of errors, including errors of omission, commission, principle, and compensating errors. Detecting Errors - Learn how to spot errors in financial statements, including the trial balance and other key documents. Step-by-Step E...
What is Rectification of Errors in Hindi | Part -1 | Class 11 | Accounts | 2023
Переглядів 6611 місяців тому
In this video, we cover: Introduction to Errors - We begin with an overview of errors in accounting, their types, and the importance of rectifying them. Types of Errors - Delve into the categories of errors, including errors of omission, commission, principle, and compensating errors. Detecting Errors - Learn how to spot errors in financial statements, including the trial balance and other key ...
Class 11 | Depreciation | Written Down Value method - 2 | Numerical & Solution | Part- 8
Переглядів 3011 місяців тому
The written-down value method, also known as the declining balance method, is a depreciation method used in accounting to allocate the cost of an asset over its useful life. It is commonly used for both physical and intangible assets, including UA-cam channels. Here's how the written-down value method works for depreciating a UA-cam channel: Initial Cost: Determine the initial cost of acquiring...
Class 11 | Depreciation | Written Down Value method of depreciation | Numerical & Solution | Part- 7
Переглядів 3811 місяців тому
The written-down value method, also known as the declining balance method, is a depreciation method used in accounting to allocate the cost of an asset over its useful life. It is commonly used for both physical and intangible assets, including UA-cam channels. Here's how the written-down value method works for depreciating a UA-cam channel: Initial Cost: Determine the initial cost of acquiring...
Accounting for partnership firms Fundamentals class 12 | Chapter 1-Part 2 | Session 2023-24
Переглядів 2811 місяців тому
Welcome to our comprehensive Class 12 Accounting series, where we'll unravel the world of partnership firms and delve into the fundamentals of accounting. In this first part of Chapter 1, we'll build a strong foundation by understanding the basics of partnership accounting. In this video, we cover: Introduction to Partnership Accounting - We kick off the chapter by explaining the concept of par...
Accounting for partnership firms- Fundamentals class 12 | Chapter 1-Part 1 | Session 2023-24
Переглядів 2611 місяців тому
Welcome to our comprehensive Class 12 Accounting series, where we'll unravel the world of partnership firms and delve into the fundamentals of accounting. In this first part of Chapter 1, we'll build a strong foundation by understanding the basics of partnership accounting. In this video, we cover: Introduction to Partnership Accounting - We kick off the chapter by explaining the concept of par...
Class 12 | Accounts full Course free of cost | Introduction to Accounting for Session ( 2023-2024 )
Переглядів 7511 місяців тому
Welcome to our comprehensive Class 12 Accountancy full course! Whether you're a student preparing for your board exams or an accounting enthusiast looking to deepen your knowledge, this series is your one-stop destination for mastering the intricate world of financial management. In this full course, we cover: Introduction to Accountancy - Get a grasp of the basics, including what accounting is...
Class 11 | Depreciation | Original cost method | Repairs & Renewals | Numerical & Solution | Part- 6
Переглядів 64311 місяців тому
Class 11 | Depreciation | Original cost method | Repairs & Renewals | Numerical & Solution | Part- 6
Class 11 | Depreciation | Original cost method | Numerical & Solution |Session (2023 - 2024) Part- 5
Переглядів 6311 місяців тому
Class 11 | Depreciation | Original cost method | Numerical & Solution |Session (2023 - 2024) Part- 5
Class 11 | Depreciation | Original cost method | Numerical & Solution | Session (2023 - 2024)Part- 4
Переглядів 3811 місяців тому
Class 11 | Depreciation | Original cost method | Numerical & Solution | Session (2023 - 2024)Part- 4
Depreciation किसे कहते हैं ? II Depreciation Introduction, Meaning & Definition | Part- 3
Переглядів 4311 місяців тому
Depreciation किसे कहते हैं ? II Depreciation Introduction, Meaning & Definition | Part- 3
Depreciation Introduction - Part 2 | Basic Numerical of Depreciation | class 11 | session ( 2023-24)
Переглядів 5011 місяців тому
Depreciation Introduction - Part 2 | Basic Numerical of Depreciation | class 11 | session ( 2023-24)
Depreciation किसे कहते हैं ? II Depreciation Introduction, Meaning & Definition | Part- 1
Переглядів 28111 місяців тому
Depreciation किसे कहते हैं ? II Depreciation Introduction, Meaning & Definition | Part- 1
Income Tax Introduction PART 3 | Income Tax Basic Concept | BBA, BCOM, BBA, MCOM, MBA ( 2023-2024 )
Переглядів 4211 місяців тому
Income Tax Introduction PART 3 | Income Tax Basic Concept | BBA, BCOM, BBA, MCOM, MBA ( 2023-2024 )
Income Tax Introduction PART 2 | Income Tax Basic Concept | BBA, BCOM, BBA, MCOM, MBA ( 2023-2024 )
Переглядів 72Рік тому
Income Tax Introduction PART 2 | Income Tax Basic Concept | BBA, BCOM, BBA, MCOM, MBA ( 2023-2024 )
Income Tax Introduction PART 1 | Income Tax Basic Concept | BBA, BCOM, BBA, MCOM, MBA ( 2023-2024 )
Переглядів 618Рік тому
Income Tax Introduction PART 1 | Income Tax Basic Concept | BBA, BCOM, BBA, MCOM, MBA ( 2023-2024 )
YouTube full Package free of cost | Get started with Rohit Dhiman | YouTube SEO, Video Editing Steps
Переглядів 64Рік тому
UA-cam full Package free of cost | Get started with Rohit Dhiman | UA-cam SEO, Video Editing Steps
Rohit Dhiman Introduction | Income tax Subject added | YouTube Video Promotion and YouTube SEO
Переглядів 221Рік тому
Rohit Dhiman Introduction | Income tax Subject added | UA-cam Video Promotion and UA-cam SEO
Very Important Numerical on BRS | Case: DR. Balance as per pass book | BRS | Class 11 (2023-2024)
Переглядів 48Рік тому
Very Important Numerical on BRS | Case: DR. Balance as per pass book | BRS | Class 11 (2023-2024)
Important Numerical on BRS | Case: CR. Balance as per pass book | BRS | Class 11 Session (2023-2024)
Переглядів 36Рік тому
Important Numerical on BRS | Case: CR. Balance as per pass book | BRS | Class 11 Session (2023-2024)
Important numerical on BRS | Bank Reconciliation Statement example | Class 11 Session (2023 - 2024 )
Переглядів 49Рік тому
Important numerical on BRS | Bank Reconciliation Statement example | Class 11 Session (2023 - 2024 )
Important points on BRS | Complex Numerical on BRS | BRS accounting in hindi | Session (2023- 2024)
Переглядів 59Рік тому
Important points on BRS | Complex Numerical on BRS | BRS accounting in hindi | Session (2023- 2024)
Bank Reconcilation Statement Numerical | BRS numerical | BRS solution | BRS in Hindi | Class 11 2023
Переглядів 81Рік тому
Bank Reconcilation Statement Numerical | BRS numerical | BRS solution | BRS in Hindi | Class 11 2023
Bank Reconcilation Statement and it's causes | BRS in hindi | Accounts Class 11 | (2023 - 2024) 🔥
Переглядів 206Рік тому
Bank Reconcilation Statement and it's causes | BRS in hindi | Accounts Class 11 | (2023 - 2024) 🔥

КОМЕНТАРІ

  • @KarunaKumari-mi9yl
    @KarunaKumari-mi9yl 6 днів тому

    Bahut achha explain kiye ma'am bahut bahut dhanyabad aapko mere taraf se 😊

    • @ShapeCreationAcademy
      @ShapeCreationAcademy 6 днів тому

      I’m Glad ki Aapko pasand aaya. Or bhi videos h channel par Accounts ki . Wo bhi try karo

  • @Motivation-9235
    @Motivation-9235 7 днів тому

    Thank you ma'am

  • @poonam7872
    @poonam7872 15 днів тому

    Thank you so much mam for wonderful explanation 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉

  • @komalsatpute3975
    @komalsatpute3975 18 днів тому

    Thank you mam this video was very helpful 😊

  • @KarunaKumari-mi9yl
    @KarunaKumari-mi9yl 21 день тому

    Concept clear thank you ma'am 😊

  • @VIRU_002EDITx
    @VIRU_002EDITx 26 днів тому

    Thankyou mam this video is very helpful for me because tomorrow is my class test ..SO thanks to you mam🤗 now i will understand all concepts..😊

  • @satyamkiduniya1
    @satyamkiduniya1 28 днів тому

    Thanks Didi

  • @ramu_raja20
    @ramu_raja20 Місяць тому

    Thanks mam

  • @KarunaKumari-mi9yl
    @KarunaKumari-mi9yl Місяць тому

    Nice video Mam 😊

  • @KarunaKumari-mi9yl
    @KarunaKumari-mi9yl Місяць тому

    Thank you so much mam bahut achha se clear ho gaya apko bahut bahut dhanyabad.

  • @Kesharwaniautomobile
    @Kesharwaniautomobile Місяць тому

    Thank you ma'am helpful❤

  • @sandyjw8853
    @sandyjw8853 Місяць тому

    Awesome

  • @Sharmaclass01
    @Sharmaclass01 Місяць тому

    Nice 👍 bahut achha samghaye

  • @ashok10280
    @ashok10280 2 місяці тому

    Mam ji apke samjhane ka tarika bahut bahut bahut achchha hai.

  • @singerpnr4118
    @singerpnr4118 2 місяці тому

  • @shalinisoni4754
    @shalinisoni4754 2 місяці тому

    Can differentiation between convention and principal can come in exam

  • @ShantanuWatkar-lm3on
    @ShantanuWatkar-lm3on 2 місяці тому

    Mam macthing concept me thode example chahiye the ek video bna do uspe bhi please......😢😇

  • @sky_is_beautiful
    @sky_is_beautiful 3 місяці тому

    Mam apne beech mw padhana kyu chod dia

    • @ShapeCreationAcademy
      @ShapeCreationAcademy 26 днів тому

      Do you want me to upload more videos ? Please tell what topic you want me to cover ??

  • @sonuart4519
    @sonuart4519 3 місяці тому

    Good explanation ❤

  • @tarundedha0091
    @tarundedha0091 3 місяці тому

    Mam plz clear the revenue and expenses topic

    • @KARAN___FF
      @KARAN___FF Місяць тому

      Revenue- total sell of business Expenses - all karcha of business

  • @vishalkulkarni2827
    @vishalkulkarni2827 3 місяці тому

    Balance sheet , rectification errors ....chapter please mam

  • @VivekSharma-mh3ki
    @VivekSharma-mh3ki 3 місяці тому

    Thank you mam it was so helpful video for me

  • @RakeshNishad-k8b
    @RakeshNishad-k8b 4 місяці тому

    Account Mera best subject tha ❤

  • @RakeshNishad-k8b
    @RakeshNishad-k8b 4 місяці тому

    Mai commerce lekar hi padhai Kiya hu

  • @RakeshNishad-k8b
    @RakeshNishad-k8b 4 місяці тому

    Bahut badhiya madam

  • @NishuKumari-l2k
    @NishuKumari-l2k 5 місяців тому

    Brilliant mam

  • @kanumeena2329
    @kanumeena2329 6 місяців тому

    Mam can you give another eg of accural concept m expenses k for more better understanding mam

    • @ShapeCreationAcademy
      @ShapeCreationAcademy 5 місяців тому

      Yes....suppose for the year ( 1st April 2023- 31st March 2024) you need to pay rent of Rs. 20000, but you pay only Rs. 15,000, and remaining Rs. 5,000 is outstanding. But we have to record full rent expense i.e Rs. 20,000 whether we paid or not

    • @ShapeCreationAcademy
      @ShapeCreationAcademy 5 місяців тому

      For any other query you may reach out to 9953450598. We also provide online classes.

    • @kanumeena2329
      @kanumeena2329 5 місяців тому

      @@ShapeCreationAcademy mam apne cost concept k lecture ni bnya kya ?

  • @kanumeena2329
    @kanumeena2329 6 місяців тому

    Want detailed lecture vedio on matching concept mam

  • @studydreams-ih1my
    @studydreams-ih1my 6 місяців тому

    Mam out of the 13 principles which comes under accounting convention and which under accounting concepts ??

    • @ShapeCreationAcademy
      @ShapeCreationAcademy 5 місяців тому

      1. Convention of full disclosure 2. Convention of Materiality 3. Convention of conservatism Above come under in conventions...rest come under in principle or concepts.

    • @studydreams-ih1my
      @studydreams-ih1my 5 місяців тому

      @@ShapeCreationAcademy ok mam thank-you

  • @vihaanjain6128
    @vihaanjain6128 6 місяців тому

    Very nice explanation mam Thanku so much

  • @prabhamathur-y2e
    @prabhamathur-y2e 7 місяців тому

    Mam can you plz answer me 🙏🏻

  • @prabhamathur-y2e
    @prabhamathur-y2e 7 місяців тому

    Mam iss question mai bs yahi puchna hai ki jo machinery sold ho rahi hai to deprecation 3and 1/ 2 year ka lagega??🙂mam mai bahut confused hu 😅

  • @prabhamathur-y2e
    @prabhamathur-y2e 7 місяців тому

    Mam ek or doubt hai On April 1 , 2015 following balances appeared in the books of M/s Kamisha traders : furniture account Rs 50,000 , provision for depreciation on furniture Rs 22,000.on October 1,2015 a part of furniture purchased for Rs 20,000 on 01 April ,2011 was sold for Rs 5000.on the same date a new furniture costing Rs 25,000 was purchased .the depreciation was provided @10% p.a on original cost of the asset and no depreciation was charged on the asset in the year of sale .prepare furniture account and provision for depreciation account and disposal of furniture account for the year ending march 31,2016. 😅😅iss question mai

    • @ShapeCreationAcademy
      @ShapeCreationAcademy 7 місяців тому

      This is the question. Aapko doubt kahan aa raha h?

    • @prabhamathur-y2e
      @prabhamathur-y2e 7 місяців тому

      @@ShapeCreationAcademy mam iss mai mujhe yeah doubt hai ki jo machinery sold ho rhi hai uss par 3 and 1/2 year ka deprecation lagega?? Kya ya fir 4 years ka hi lagega ?

  • @prabhamathur-y2e
    @prabhamathur-y2e 7 місяців тому

    Mam I have a doubt in one transaction (cash sales of rs 500 by cheque and cheque enforce to Mohit ) then mam yeah cash book Mai entry hogi iss entry ki ??or agar hogi to kaha karna hoga ? Mam plz jaldi bata digiye mere paper hai 🙃🙃

    • @ShapeCreationAcademy
      @ShapeCreationAcademy 7 місяців тому

      No...entry nhi hogi...kyunki sales krke jo cheque Mila h ..wo outside the business hi endorse ho chuke h

    • @prabhamathur-y2e
      @prabhamathur-y2e 7 місяців тому

      Okay mam

  • @umabharti7772
    @umabharti7772 7 місяців тому

    Thankyou mam

  • @Mr.ozzy_1
    @Mr.ozzy_1 7 місяців тому

    Your teaching method is so nice 🙂

  • @MeenakshiPilkhwal-re4cn
    @MeenakshiPilkhwal-re4cn 7 місяців тому

    Thanku so much ma'am ❤

  • @MonikaKashyap-fp4ej
    @MonikaKashyap-fp4ej 7 місяців тому

    Hello mam plzzzz convention of conservation ka topic smjha do plzzz mam

    • @ShapeCreationAcademy
      @ShapeCreationAcademy 7 місяців тому

      Mam kindly ek baar ush topic pr meri banayo gayi video dekhiye

  • @ronaldopower4169
    @ronaldopower4169 7 місяців тому

    Thank you so much ma'am now i understand accrual concept

  • @aamirhussain3579
    @aamirhussain3579 8 місяців тому

    Mam per year business 50k depreciation nahi dikha sakta because per FY asset ki value kam ho jaaegi Aur depreciation value kam hota chala jaayega. Am I right mam.

    • @ShapeCreationAcademy
      @ShapeCreationAcademy 8 місяців тому

      Thank you for connecting with us. You are right in your place . But this scenario we have taken as an example only.

  • @kashifstudy9923
    @kashifstudy9923 8 місяців тому

    Nice teaching

  • @kashifstudy9923
    @kashifstudy9923 8 місяців тому

    Nice teaching 👍

  • @raziabegum3518
    @raziabegum3518 8 місяців тому

    Good teaching skill

  • @HimanisainiSaini-k8g
    @HimanisainiSaini-k8g 9 місяців тому

    Mam aapne pricipal history post. ni krai kiya account m

  • @HimanisainiSaini-k8g
    @HimanisainiSaini-k8g 9 місяців тому

    Mam exam explain kro mam aap good explain krti hu

  • @shivaniyadav1022
    @shivaniyadav1022 9 місяців тому

    I am a fresher teacher Tysm ❤

  • @keerooneditz
    @keerooneditz 9 місяців тому

    How is commission in credit.we loose nothing nor it is increase in liability. 12:53

  • @ajaypandey9799
    @ajaypandey9799 9 місяців тому

    Thanks for your support

  • @Sanjana_razz
    @Sanjana_razz 9 місяців тому

    Thnku maam for this short amd simple understanding content ❣️

  • @srijansrivastava2404
    @srijansrivastava2404 10 місяців тому

    Thanks mam🙏🏻