Jump to content

Any Economist Singhs


Recommended Posts

Sadh Sangat Ji i need help on a tutorial q which has made me think for the last 2 hours...WHA!!??

This is the Q

Why is it the case that if one good bought by a consumer has an income elasticity of demand greater than 1, then at least one good must have an income demand elasticity less than 1?

please can someone help me

any links to where i can find the answer?

Link to post
Share on other sites
Sadh Sangat Ji i need help on a tutorial q which has made me think for the last 2 hours...WHA!!??

This is the Q

Why is it the case that if one good bought by a consumer has an income elasticity of demand greater than 1, then at least one good must have an income demand elasticity less than 1?

please can someone help me

any links to where i can find the answer?

I dont have a lot of economics experience but im in a business major, from the best of my knowledge, the answer to the question is the concept of equilibrium. For a market be in complete equilibrium the quantity demanded must equal the quantity supplied. As a result, to keep the market at equilibrium, the income elasticity of all goods in general must be equal to one. Accordingly, if one good has an income elasticy of demand over one, one or more other goods must have an income elasticity of less than one to bring the general income elasticity back to one. Therefore equilibrium is achieved and the demand and supply remain equal.

im not 100% sure of the answer but i guess somebody can verify it?

Link to post
Share on other sites
  • 2 weeks later...
thank you very much!

bhai!!!

helpp lol..

im in 2nd yr of alevels.. nd lookin to economics @ uni..

but i reli wanna do economics nd politics but being advised against it by ma bro who does economics @ royal hollaway..

is politics a good course on its ownn??

Link to post
Share on other sites

i think if you do economics, i would prob say rab bhala kare. I actually do something quite similiar to HGM, i do economics and psychology at edinburgh uni and im in 3rd (im doing more psychology modules). I didnt really enjoy the economics in 2nd year uni. There was alot of maths involved. It is totally different to the a level economics you get.

But, although there are people who will advise you on doing the course, my personal view would be that you consider

a) how well you do in a levels economics

b) how well you do in a level maths (although you dont neccesarily need a level maths to do economics at uni, it is strongly reccomended), or if not, how well you did in GCSE maths

c) also how well you can grasp new terminology and new formulae. Right now im kinda struggling.

thats my 2 pence anyway

Link to post
Share on other sites
i think if you do economics, i would prob say rab bhala kare. I actually do something quite similiar to HGM, i do economics and psychology at edinburgh uni and im in 3rd (im doing more psychology modules). I didnt really enjoy the economics in 2nd year uni. There was alot of maths involved. It is totally different to the a level economics you get.

But, although there are people who will advise you on doing the course, my personal view would be that you consider

a) how well you do in a levels economics

b) how well you do in a level maths (although you dont neccesarily need a level maths to do economics at uni, it is strongly reccomended), or if not, how well you did in GCSE maths

c) also how well you can grasp new terminology and new formulae. Right now im kinda struggling.

thats my 2 pence anyway

thanks for replying jee

i currently do alevels maths with guroo sahibs kirpaa!

i dnt do alevel econmics but do business.. which i find interesting.. nd enjoy the economic modules within it (external influnces etc)

i may consider doin politics major?? ..

Link to post
Share on other sites
  • 4 weeks later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • advertisement_alt
  • advertisement_alt
  • advertisement_alt


  • Topics

  • Posts

    • The liberal mafia attacking Amaan Baali because he committed the ultimate sin of standing up for the Sikh community in Kashmir and told the truth of the grooming of Sikh girls. Let's look at the background of these liberals who are now attacking Amaan. Monica Gill - failed model latched on to the Farmers agitation in order to gain more exposure and credibility. On the grooming of the Sikh girls in Kashmir she was solidly on the side of the paedophiles. She promoted the Quint narrative that the Sikh girl was an adult even when the paedophile admitted that he had started to target her when she was 12/13. Her sister apparently 'researched' the grooming of Sikh girls in Kashmir and found 'no evidence'!  Ravi Singh KA - we all know about him and his liberal agenda and his main focus on using the Panth's money to help our enemies and gain him a Nobel prize.  This Angadh Singh Khalsa guy - another liberal mupp.et using the Sikh identity to further the cause of the Jihadis. here's an article about him- his main claim to fame- being a dhimmi and helping in the Kashmiri plan to turn Kashmir into an Islamic state like Afghanistan. What could possibly go wrong for Kashmiri Sikhs when that happens? His views on the grooming of Sikhs - he is 'nuanced'! How Kashmir's Fraught Political Journey Led a Young Sikh Man Into Activism (thewire.in) You can judge the worth of a person to the Panth by knowing the background of the people  who are attacking him.       
    • Is that Surrinder Shinda in the video?
    • There is a new Muslim bhangra singer from UK called Raf Saperra. Not only has he made a music video where he is lusting after and flirting with a Sikh girl who has a prominently displayed kada, but the song has been produced by so called Sikh Sukhshinder Shinda and the background of the video is full of so called Sikhs wearing kaday, egging on the Muslim singer to flirt with the Sikh girl and sing about her lustfully. Astonishingly there is an old Baba with a long white dhari and white dastaar in the video as well.  I have not seen one comment on the YouTube page that is concerned about this. I have also noticed that as part of his image in general this singer has avoided highlighting he is a Muslim, only reluctantly alluding to being from West Pakistan during an interview when asked.  Instead our so called Sikh people are all backing him up and featuring in his videos wearing huge kaday while holding alcohol bottles. There is a blurring of lines here with regards to identity which is normally used by this group to take advantage of our people. Our own people are stupidly helping this cause.   There are a few of his bhangra videos which also feature smoking (Muslim Pakistani  culture) which will probably confuse Apne thickos into thinking this is now a normal part of our own culture. They are making bhangra videos without making it clear they are Muslims and subtly putting their own culture into it. What has happened to these people's zameer?   This is the video.       
    • https://www.instagram.com/p/CVl7cy7PQpL/   Is this true?...First time i heard this  
    • These are serious deranged folks filing such cases lol
×
×
  • Create New...

Important Information

Terms of Use