CA CPT - Economics - Elasticity of Demand By Ideal Classes

About CA CPT - Economics - Elasticity of Demand By Ideal Classes

This lecture sample from Ideal Classes covers the topic - Elasticity of Demand. In common language demand is a desire but in economics any desire cannot be regarded as demand. Demand is a desire which is supported by ability and willingness to pay the price. Thus, demand implies : 1. Desire for a commodity. 2. Ability to pay its price. 3. Willingness to pay the price. When all above three conditions are present commodity will be purchased. When a commodity is purchased it becomes demand. Demand is a relative term. It is related to price and time. Thus, demand can be defined as amount of a commodity purchased at a certain price per unit of time...

Overview CA CPT - Economics - Elasticity of Demand By Ideal Classes

The Common Proficiency Test (CPT) Complete Video Lecture + eBooks + Question Bank Package consists of top quality video lectures of around 94 hours duration, exhaustive notes and question bank on each topic. The full eCourse Package along with the required software is delivered in DVDs. The eCourse is suitable for consumption on Windows PC/Laptop or Android Tablet/Smartphones.

About Ideal Classes, Mumbai

Founded by Prof. Jagdish Walavalkar, IDEAL began as a modest classroom coaching institute 25 years ago. Today, IDEAL educates thousands of students across India. It moulds over 12,500 students every year via satellite, online and distance learning; along with classroom coaching. It has always championed the cause of quality education. Its courses are delivered across 6 streams and 29 courses. IDEAL has always believed in dedication. Precisely what its 200+ expert teachers give every student across its 167 classrooms, every day. Pioneering education has always been IDEAL's aim. IDEAL was the first institute to receive ISO 9001 certification, first institute to have an independent teachers training program. It is the only coaching institute to have a dedicated in house placement service for its students. But there are greater milestones to be covered on the road to refined learning. IDEAL has an advanced coaching system that will revolutionise teaching, and change the way students learn. In the coming years, students across all streams of education will be able to experience this refined system.IDEAL empowers students to soar high and aim higher everytime.

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