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1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Business Economics
Internal Assignment Applicable for December 2017 Examination
Assignment Marks: 30
Instructions:
 All Questions carry equal marks.
 All Questions are compulsory
 All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3in not more than 500 words for each subsection. Use relevant examples,
illustrations as far aspossible.
 All answers to be written individually. Discussion and group work is not advisable.
 Students are free to refer to any books/reference material/website/internet for attempting
theirassignments, but are not allowed to copy the matter as it is from the source of
reference.
 Students should write the assignment in their own words. Copying of assignments from
otherstudents is not allowed.

2. Question. 1. Calculate the following: (10 Marks)
Answer:
Question.2. Determine the market equilibrium price for the
following demand and supply
equation:
D = 9p + 6
S = 10p – 5
Determine the equilibrium quantity if price is the same as above
D = 3p – 3q
S = 8q – 3p (10 Marks)
Answer:
Question.3. a) Calculate the following:
a) Assume that a business firm sells a product at the price of ₹500.
The firmhas decided to reduce the price of the product to ₹350.
Consequently, thedemand for the product is raised from 30,000
units to 35,000 units. In thiscase calculate the price elasticity of
demand. (5 Marks)
Answer:

3. b) Suppose the monthly income of an individual increases from
₹6,000 to₹11,000. Now, his demand for clothes increases from 30
units to 60 units.Calculate the income elasticity of demand. (5
Marks)
Answer:
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Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )