46 people are there. Keep it here. Then participants only mute. Yeah. I can see from here. Yes. Guys send a good morning to Sanjep. >> Can you hear me? Please text me. Yes sir. >> When I share this screen >> one taught me yesterday. >> Should I share full screen or >> enter screen? Enough. Now you open your PDF. Now it is correct. Yes sir. Excuse me. board is visible with shard is vable. Thank you. >> You know me right? So step two here I have seen lot of people are appearing in September right can I just pull up your hands okay no problem this notes which I'm doing this is for January doesn't mean that September is not covered correct course is same But is when I'm teaching I give some time as per my experience this is important for your term correct so this is those what is September don't make it star those in January they make it star like step two this is very important for my January watch correct I give star but September don't do this correct but not should be same is it clear those who are appearing September maybe fortunately unfortunately I cannot make it January I'll make it right maybe other faculty that I don't know that their decision I'm a simple normal teacher right so what I'm saying no but September even if I don't teach you're most welcome to come to me and clear your doubt and I'll help you not worry right so but if I give start exclusively January this my experience the September also So notes are same if they face any problem I'll help right okay step two online is it clear what I said may thank you sir give star means before exam my students should go through this portion twice it should be kind of silence change in quantity demanded that is a second class I'm speaking after class you can sit with me because you're offline whatever query you have I can sit for you no problem after class correct sir I want to do this I want to do this anything I'm there change in quantity demanded and change in demand online people whenever you are facing problem for connection everything please recall right because I'm zero take sh only my subject I something I know balance rest of the world zero for me change in quantity and change in written everyone written excuse me ah good now try to Get the sequence of nodes. Try to get the sequence of nodes. First step yesterday I spend time to explain you what is dema. Right? So what is the shape of demand curve? Law of demand and all everything you understood right now we have to extend our concept. How? Let me see. Okay. Rough. Now no one should make anything now like the board work. Sit back carefully keep on answering it. It is price it is quantity. My dear students what is this lovely online also keep on answering me. Now it is price over here, quantity over here. Right? Don't lose your respect. As price falls, as price falls, sir, you are student of Sepsa, not Tom D. Carry, correct? Your concept would be here. Concept would be here. Everyone would be jealous to see it. Yesterday I spent 45 minutes to explain you what is called real income. What is real income? Change in purchasing power not due to change in income but due to change in price better. So what is your concept? When price falls don't utter quantity increases rather real income increases. Agreed? Ba is it clear online? No good. So real income decrease increases m you are able to purchase more. Any argument up to this you have done sir movement from A to B sir it is called demand correct? Yes or no? Don't write anything. Just sit back carefully for me. Just sit back carefully for just open this. Keep it like this. So one termology is expansion of demand. Correct. Now another terminology is it is called increase in quantity demanded. First termology is expansion of demand. Second termology is increase in quantity demanded. Careful. Third terminology is what? It is nothing but movement towards vertical axis or horizontal axis. confident level movement towards horizontal axis correct or not. So if price falls real income increases as real income increases quantity demanded is increase. So in economic term what do you call expansion of demand. In economic term what is called increase in quantity demanded. In economic term what is called movement towards horizontal axis for different exam I collected the terminology so that my ber should not go through anywhere everything should be in your notes online people is it clear now on the contrary tell me better if price increases what will happen lovely real income decreases you are forced to cut down your quantity Correct or not? The one by one bowl if it is expansion of demand opposite. If it is increase in quantity demand opposite if it is movement towards horizontal ax it is 6 MCQ to correct yes or no 6 MCQ. Yes or no? Here is it understood Baba online people good. Now we'll make a notes please. Change in quantity demanded implies movement along the same demand curve. Change in quantity demanded implies movement along the same demand curve. May jaju board visible properly online good return after you return online but please take the d return everyone here yesterday what I explained you when I make diagram don't make look at there when you make diagram make it on your own things should be clear for you so allow me to make diagram first one by one Do you help me? My first job is what lovely access. The moment you completed your axis, second job is what? Nomenclature name both. What are the things you are measuring here? Lovely bad >> quantity. >> Very good. But good response online. Next job. Simple command curve. One can make it curvature. One can make it straight line preferably make it straight line correct. First clear the diagram because you can write English your Christ right everything will be clear diagram mathematical things will be clear come on help me d next job excuse me uh price and quantity since you understood we to travel here and there correct so in middle we will take the initial point yes or no last bench if it is not visible come here now if it is not visible from your places here or go there anywhere. So first we will take initial point correct what I explained yesterday initial point should be solid P1 Q1 any doubt Baba next lovely will it be solid or will it be dotted can I make like this baba it is P2 it is Q2 I'll make one arrow No sign no man pressure I'll give afterward clear exam price increase go ahead dotted yes or no sorry make it a C clear now look at the diagram and tell me questions this change which factor is responsible come Only price correct? Yes or no? Only price is responsible. Correct or not? Good. Only price is responsible. Aa. Now tell me movement towards horizontal axis is known as confidently going. Good. Movement towards vertical axis. Good. Another English of expansion is increase in another English of contraction is another English is movement towards the horizontal axis and movement towards the clear Baba. Come on. Quick diagram, sir. No hanky panky diagram. Perfect diagram. You people also please don't look at this board. After you finish up, look at this board. I'll give you online people some query uh laxpan I'll give you the language not to worry just make the diagram but quick but so many things happening yesterday I lost lot of times because of Some admin things done perfect diagram. Thank you. Thank you. I don't like when I check problem. Excuse me. After you have done diagram, please text me or tell me here. Good. diagram. Move on. Ready? Make it as figure one. Make it as figure one. Please. I don't eat figure one. Oh, step two. Near. Step one. Done. Clear. Clear. Step two. In figure one, initial point is A. Figure two. In figure one, initial point is A. Movement from A to B. movement from A to B. Now what I'm writing below please underline this C right because that is the main catchy part before exam clear. So that is I'm writing in different color you can underline this first point what should I write expansion of demand second point confidentible increase in quantity demanded correct increase in Quantity demanded one line. Third point you can write movement towards what? Lovely BA. Very good. Movement towards horizontal axis. Aditya disha those Ashita those are online second part complete is it done in further movement from A to C you complete the line movement from A to C by that time I'll check my offline people further movement from A to C three language futaf right who can complete carefully let's see perfect 36 But there is no opposite. That's it. Okay, this easy. Very good. Very good beta. So other three languages nicely maintained by my offline B. I believe online B also made first one is don't change the sequence. Right? First one is contraction. Second one is decrease in quantity and third one is movement towards axis. Done. End out. Good Ben Ruff online. May I move on better? Text me quick test me. You don't find this type of teaching ever in your life. You will lo also fine. Rough correct. Careful. Now another terminology one is called change in quantity demand. The other is change in demand. Right? Both sound but it has L and difference is there. What is that? Sit back carefully. Follow me. For this term concept change in quantity demanded one of the greatest economist modern economist those who came yesterday the name I have taken Paul A. Samuelson right sir in 1955 he started and he is called pioneer of modern economist. Yesterday I explained three types of economies. One is called classical 1776 to 1920 then we call neocclassical 1920 to 1955 then modern modern means 1955 to till day and my knowledge of my only confined knowledge I don't like initially till 19505 the economics battle was handled by only LSC learners school economics or Cambridge's group of economics After that baton is transferred to USA, Trinity, Harvard, Massachusetts University. Battern means new new theories are coming over there. Right. Okay. Now this concept of change in demand first propounded by Paul Samson in his book economics sixth edition you see institution material taken from there. I'm also explaining from there correct sit back carefully follow me initial demand is this correct lovely example Samson has shared I'm also giving my butcher can understand this suppose initially some consumer is purchasing one commodity called pizza correct with given level of income. Suzan has taken a brilliant example. I'm sharing it this initially with a given level of income any consumer is purchasing pizza online but yes or no text me keep on texting me. Good sir careful no economics common sense. When you are purchasing pizza you are fond of that commodity pizza. So no economics is required. If you are fond of any commodity, you always intend that price to fall so that you would be able to consume more. Yes or no? Agreed or not? I repeat once more. Careful. These two girls careful. When you fond of any commodity, no economics, you always intend that price to fall so that you would be able to consume more. Accepted or not. Correct, sir. Had it been that then it would be expansion of demand only, right? Yes or no? Careful. Careful concept should be Samson has changed this concept. Samson says let us consider a sharp increase in family income takes place. I repeat, let us consider a sharp increasing family income takes place. Now tell me if your income is increasing will you wait for pizza price to fall? So even if pizza price is here since you're fond of what you do baba come on come on what to do buy more buy more money how do I go like this yes or no the moment I go like this baba will I be on the same demand curve or shifted demand curve confidently bold correct so with your permission can I make another demand curve like this online people lovely answer correct any doubt mostly my non-economic friend any doubt baba I repeat again today you give me the list of non-economic friend you do this favor name and phone number non-economic people right any problem I'll help them persever now tell me now the nomination I've collected from four your question what are these movement from here to here can I write upward shift in demand better any argument now from January I'm expecting this question movement from there to there can I write increasing demand baba those who are serious already understood last part I have done increase in quantity demanded this part I have Increase in demand. Get the language. Quantity demand and money along the same demand curve. Whereas increasing demand money tuck shift. Are you getting the point? Third point is upward shift is done rightward shift in demand. Can I write? Last point. Can I write shift away from origin? Can I write Baba? Those who are serious but you understood why I made you to write here. Everything is here with your own handwriting. Added my material. Then Cution material my question after that right correct. So how many languages? Four one by one. Upward shift in demand, rightward shift in demand, increasing demand, shift away from correct. On the contrary, tell me if dim income decreases, may I shift to D3? What about both? There it was upward shift in demand. Right. Shift. Shift away from origin. Increasing demand. 8 + 6 14 MCQ done. Yes or no? Correct. You only said how? That is my job. What are the eight? Eight is in second diagram and what are six is in first. Clear or not? Any doubt? Now since you're answering my expectation is more both first diagram and second diagram one simple difference first diagram and second diagram price also factor online text me and second one factors other than price one lovely he what's her Near love you near. Yes it is factors other than price. Other than price I have taken income. You may take population. You may take change in test preference. You may take other things. Correct or not? Any doubt? Another first difference you have rightly said one factor is price another factor is other than price. Yes lovely. What's the name? Lovely. So one is quantity demanded another is uh one is quantity demanded another is another facable come on come on >> who said one is same demand curve another is shift in demand come you only also how that is my job is it Clear now. Make notes. Please write down. Last line. What was the last line? >> That part is done, right? Please write down. Change in demand implies shift in demand curve. What about what about change in demand implies shift in demand curve. Now I'm making diagram that time don't make help me how do I make diagram love you know nomencle very good because I've got to shift up and down exactly middle I'll take that so let me take one demand curve had to give the nomencle as D1 correct next job is original first I take correct E1 Q1 next B lovely sir those who are making in scale that is I said make it a straight line I believe those who had math they know if two lines are parallel slopes are equal right I'm not giving that just that when I require I'll take But whenever I make the dotted make it parallel correct I repeat when you make this dotted make it parallel take the help of scale correct online people clear make it dotted U2 B and last one is D3 carry on don't waste time carry on arrow sign arrow Any one request don't look at this board first you complete and look at the board. So this right I make some food at the end of the day I make it change Is it clear If you don't feel this Okay. This is just together. online people. I'm done. Very good. Language please. I don't initial. Should I start? No. No. Last one. B I believe figure not yet done. Done. You have figured out do I move on? Yes or no? Please don't in figure two. In figure two, initial demand is D1 D1. Quick quick. In figure two, initial demand is D1 D1. D1 to D2 implies how many languages? One by one B. Upward shift. Very good. Online near. Thank you. Rightward shift. Uh-huh. >> Okay. >> Increase in demand. That is very very important. Increase in demand. Ah very good. shift away from origin. Lovely concept. Hurry, opposite language complete. Don't waste time. In figure to initial demand is D1 D1 D1 to D2 implies upward shift rightward shift increase in demand shift away from origin. Can you take one page and write down non-economic students today's date economics and pass it on uh name number mostly WhatsApp number non-economic student of CFC January 2027 pass it on those who are those who are non-economy student please write down over there we'll pass it on online but when you come I'll help you do I move on the other hand on the other hand D1 to D3 don't change sequence full language please complete first you tell me what are the full language that was upward shift it should be that was rightward shift it should be that was increase in demand it should be that was shift away from origin it should So complete the first one is upward then it should be downward. Second one is rightward it should be leftward. Third one is increase in demand. It should be decrease in demand. The last one is shift towards origin. Harish. Thank you very much. After you have completed please tell me online offline people first when they responding very good all four languages thank you everyone systematically correct so first point is factor responsible is only price second point is factor responsible other than this it may be anything correct Then nomenclatures all terminologist questions paper I have collected and given over there means 12 to 13 questions are ready any doubt this step two here any doubt step three those who are in offline please my request if you cannot understand anything if you shy on asking me after class please sit with me No doubt no problem online but ber today I'll give you my phone number you can contact me step three first page write down page number first page you have written step three page step four page step five page at the time of year exam you don't get that's a problem step three and I'm not confident about my health situation doesn't help me that way step Factors of demand, factors of demands of individual demand. Factors of individual demand. What is individual and what is market? Individual means one person. You put market means economy as a whole. Factors of individual demand. Right. written this written please text me. Very good. Number one q dx is a function of px. Tell me better what is qdx? What is px? for X and PX means price of X. Yesterday 50 minutes I spent on explaining that step one it is there right? So please write done in step one done in step one qdx is a function of px. yesterday I've done write down done is step one like a spoonfed child I'm helping everything now number two those who are September please give star it is important for your September if September is not coming January it should come there's a total notes since September chart there I just wanted to have qdx is a function of py Y. Who can tell me PX and PY? What is the difference? >> Huh? Sir, >> not income. PY. >> PX is price of commodity concerned and PY is price of other commodity. Correct or not? Price of other commodity. Right? Written. Careful. Very good. Rough. Don't write anything. Rough. Please don't write anything. Say it is black pen. Say it is red pen. Either you use black pen or use red pen. Right? Yes or no? Especially non-equivalent friend. Carefully follow me. So one can be used without other. Can I say can I say one can be used without other? Good. Another way suppose black pen and black refill. Is it possible one can be used without other? So two way this is general. Now economics come to economics. Sir one is called substitute another is called complimentary substitute one cannot be used without other complimentary one is used without sorry one should be used with others yes or no one cannot sorry substitute means one can be used without other complntative one cannot be used without other correct or no so that is important question for September if it is not coming it should come to January That's first. Number one, substitute goods. Number one, substitute goods. Written. Excuse me. Hello. He always responds. I like this. Last bench is written. Excuse me. Sit back carefully. Follow me now. Carefully follow me. Don't write anything now. Concept is involved. Please don't make anything now. Access my students. Not till now. Right. It is T I'm measuring it is of measuring. So each and every point is important. carefully my economic friend carefully follow me some people overconfident I don't like this suppose in winter season you are purchasing this amount of tea with this price this amount of coffee with this price correct ma winter season combine both correct one simple concept I'm giving you help if Do I move on? Good. Now, if price of T increases, carefully follow me. If price of T increases, my till now concept says real income decreases and I'll be forced to cut down quantity for tea. Yes or no? Correct. Online people correct or not? Till now my concept is if price of tea increases quantity demand decreases. Correct? Up to this is the concept for conventional economics. Now slowly neop and modern economy says there are thousand points through which demand can be changed. Careful. Now when in win interse forced to cut down demand for tea how to compensate your demand by purchasing mode of coffee correct or not point to be noted now demand for coffee please catch hold of me now demand for coffee is not changing due to change in price of coffee but due to change in price of its Price of rates related goods correct or not? I repeat again. Demand for coffee is not changing due to price of coffee but due to price of it related goods. Agreed or not? Agreed or not? Now see a foundation question. Next you can answer definity. Don't lose your respect. Price of one commodity and demand for other commodity are directly related. I repeat, price of one commodity and demand for other commodity are directly related. Multiple choice option number A. Goods are complimentary. Goods are substitute. Answer. Any doubt? Purely answer right. This is one important question. When price of one commodity and demand for other commodity are direct related goods are any argument car and petrol >> car and petrol compliment yes or no. If price of car increases of course demand for petrol >> goods are there goods are for substitute direct relationship but complimentary right basic idea now to make notes. Very good online very sharp. So now let me make the notes first for substitute goods like tea and coffee. Rise of one commodity for substitute goods like tea and coffee. Price of one commodity and demand for other commodity are better. Uh this one should be underlined. Lovely much online people love you. Directly related please. This should be underlined before exam. That is the point. Those who cannot read properly for them for substitute goods like tea and coffee price of one commodity and demand for the commodity are directly related. After it written please tell me and online watch also you tell me is it written every correct now I need you to make diagram those who can tea and coffee those who cannot look at here those who can please make diagram only careful dotted point should be carefully taken. before That's possible. I don't She listen. Amen. Let me see. Thank you. George. without Done. Right. Excuse me. Diagram everyone. >> Next or complimentary goods. for complimentary goods like car and petrol complimentary goods like car and petrol I'm not going to make this my old but will make this for your ready reference price of car increase don't make price The card decrease to you can maintain sequence of nodes. It is car, it is petrol. Take initial point as usual. This P1 it is Q1 E1 it is Q1. Now price of car increase then you complete the loss. Who can complete the diagram? Let's see especially my non Excuse me. It's connection restored now. Online people. This is the horrible thing. This icon award visible visible. Move. Excuse me. Is it visible now? Where is it? Visible now. Just wait up please. Excuse me. Online people please write on after that mathematical. or diagram to show price of car increases, demand for petrol decreases. Price of car increases, demand for petrol decreases. Lakman, you ask me that is it done now? Okay. So then you write down mathematical on online people offline already I believe exactly the way I have written two equation please add and give star both for September and what is that price of one commodity which you have written with black color no I said something over there I believe you have written earlier also for uh complimentary goods Price of one commodity and demand for other commodity are indirect related that I said hersida thousand time connection to I that I can't help okay then you write down mathematical this is very important for September and January qx= 20 - 2 px kx 20 - 2 px now online lecture tell me are you finding any difference between these two equation Only people are you finding difference here? Here now who can answer me? Let's see who can answer me. Let's see. Careful. Plus 3p y - 3p y. What is the difference between first equation and second equation? Plus 3 PY means PY is plus positive. Who are positive? Demand for X and price of Y. Yes or no? Plus sign right. So who are positive relationship? Demand for X and price of Y. Yes or no? Excuse me. I believe you could not understand the plus sign better correct plus sign into plus of 3 py plus one if you are increasing I'm also increasing correct or not if it is one then it is two it is two it is known right so plus direct relationship you have maths maths you have he had math so plus When py increases qx also increases and minus one py increases qx yes or no what is your c foundation question they don't ask substitute good what is that called question standard is very good now what they ask they'll make one equation you will tell me which one is substitute which one is complimentary tell me first one is Second one is this is the question. Are you getting my point? If they give easy question first I made what is substitute what is complimentary. If they give diagrammatic question then I made diagrammatic. If they give normal question I give one is direct relationship one is indirect relationship. No lastly they will give mathematical we doain. Where do they go? They can't right. So copy this and write down. First one is online Google is it clear. First one is substitute and second one is complimentary. I repeat those who have doubt those who could not answer ask me please after class tell me. No problem. Excuse me. I'm there always. Do I move on? So point number now three now check point number one was qdx function of px. Second was qdx function of p y. Point number three, this also keep start September. If it is not there then January income of consumer excuse me not to talk to each other please I don't repeat I'll kick out one from class income of consumer point number three give start for September and January both now common sense No economics tell me I am purchasing one commodity say this spin correct or anything short anything if my income increases will I be able to purchase more or less permanently more will I able to purchase more or less correct so demand for commodity and income of consumer are I repeat demand for commodity and income of consumer are online very responsive yes or no any argument now I'm giving you second situation that is the important thing suppose no economy carefully follow me with a given level of income I am purchasing B quality of rice correct I repeat with a given level of income I'm purchasing B quality of rice now my income increases Yes. The moment my income increases better but my standard of living. >> Yes or no? The moment my standard of living increases will I go for B quality of rise or superior to something correct? A quality rise. Yes or no? Typical view especially for my economic student please online also careful. Can I say B quality of rice is qualitatively inferior to A quality of rice? My economic friend always says inferior only. Right? Suppose your name is what's your name? Priti. Praiti is superior. Does it make any sense? Prakiti is qualitatively superior to Sep. My name is Sep. Prakit is qualitative superior to Sep. Sep is qualitatively inferior to Pragiti. Yes or no? So especially my economic friend don't utter only inferior from today. Only inferior only superior doesn't make any sense. It should be qualitatively inferior or qualitatively yes or no. Now come to see a foundation. One important question has come. Class but one down. When demand for commodity and income of consumer are universally related. Number A goods are normal. Number B goods are quality inferior. What is my answer? For that question I have explained all these things. So then my B should not is it understood online but is it clear especially my non friend is it clear? So two question. First question is for normal goods demand for consumer and income of consumer are for quality inferior goods demand for consumer and income of consumer are yes or no. >> Your starting material is one lovely example. Suppose with a given level of income you are purchasing budra right? As your income increases, will you go for bajgera or some superior goods? Superior goods is wheat. The bajgera is qualitatively inferior to wheat is qualitatively superior to budget. Understood everyone. So under income of consumer please write down it is point number three. >> Yes sir. Now I'm writing again those you have written don't write income of consumer you make it in two parts like this and like this. Carry on. Carry on. For normal goods, demand and income are in. Sorry. Normal goods. Demand and income are directly related or qualitatively inferior goods. Demand and income are inverse related. Those who cannot read properly for normal goods demand and income are direct related. For qualitative good inferior goods, demand and income are inverse related. Everyone next important point is everyone done right? >> Excuse me. Here everyone done right here. Which one better? Huh? No problem. All right, everyone taken care of it carefully. Today I'll give you a I'm giving you a phone number right now. You may forget this. My name is this. You can also take your phone number 98301 65380. Your doubt clearing time is 8:30 p.m. to 1000 p.m. Whole day I'm in class. You just call me preferably WhatsApp. Why? Because I have Vodafone number that is horrible to get the connection. So it is preferable call me in WhatsApp 8:30 p.m. to 10 p.m. You just say I am from C Foundation new batch I can remember all these lovely faces and your contact right 8:30 p.m. to 10 p.m. I have this query if it is offline very good I'll come early I'll sit after class I'll clear your door if it is online over phone if it is required in WhatsApp also I'll tell you is it understood those online yeah qualitatively superior qualitatively inferior correct you put down my number no way anyone is related directly call me right but don't call in normal phone because hello hello I Can't hear anything. The bottom one is horrible. WhatsApp number is preferable. Right? It is my WhatsApp also. Very good. But point number three is done. Now point number four. These are normal. Just write down the are not important. Point number four. Taste and preference. No explanation. As your taste changes, demand also changes quickly. My case is very slow after the if you don't like problem number five expectation of price no explanation just simple as expectation price is more people demand more or less just write down no explanation to write copy just only copy the points Everyone should copy the points only. Right? Okay. Now in starting you check what I have written factors of demand right under factors point A I have given yes or no point A what I have written factors of >> come on tell me number one quantity is a function of PX number two function of PY number three quantity is a function of income number four is a function of performance. Number five, quantitative function of expectation. Main questions are TY and income I given that way. Clearly clear. Next number B. Factors of aggregate demand. Sir, aggregate is nothing but market. Market market summation of everyone. Just just write down one line. Aggregate demand implies market demand that is summation of all individual demand. No no no no. Step two A harsha. Step two number sorry. Step three A. Huh? It is in step three only. Number A was factors of individual demand. Number B is factors of aggregate demand. It is under step three only. Summation of all individual demand. Aggregate demand implies market demand. That is summation of all individual demand. Written everyone. Everyone written Baba? No. rough carefully especially my economic student please answer me if we want to produce any pain what are the factors of production I need labor capital organization nicely answer for my non-economic frame suppose I want to produce any pen right first what should I require I require one place for land correct I require one capital means machine that is called capital. I require someone to supervise it is called entrepreneurial and the labor to take care. We call it as land, labor, capital organization. In production in detail I'll take care accept there are four factors of production. What are those? Land, labor, capital, organization, land money place, labor money like me, capital money, money or machine, entrepreneur. labor annual labor what you're offering me salary and I write wage capital you have one lakh rupee you're giving me loan so interest is there right so what is that pen you're entrepreneur you are earning what profit so you are owner of land what you getting rent you are laborer what you You have capital what are we getting? You are entrepreneurial what are we getting? If this is my economy what of the income land means rain, labor means wages, capital means >> entrepreneur means what is the C foundation passion? Can I say rain plus wages plus interest plus profit is nothing but total income. Correct or not? Rain plus wages plus interest plus profit it is called total income but in economic term equal it as national income. Correct. So national income is what is the summation of all four factors of income. Point number under number B. Point number one, national income. We write number one, national income. National income. Can you show aggregate demand? Yes. Aggregate demand implies market demand that is summation of all individual demand. Don't repeat this is today allowed but don't repeat this. National income implies summation of all factor income that is NI is equal to not NFI NFI other things I don't national income Oh man, I said yesterday also unlearn what economics you know please. Na is equal to the rain plus wage plus interest plus profit. Lash income implies summation of all factor income that is NI is equal to rain plus wage plus interest plus profit. Is it written? Now like a good child tell me in this economy your factor income keeps on increasing. What about aggregate demand? Confidently what? In this in this economy your factor income keeps on increasing. What about aggregate demand? What is MCQ? Lash income and aggregate demand are no problem. You only answer that. Yes or no? Just write down one line. National income and aggregate demand are. Thank you. Online BA directly related. National income and aggregate demand are directly related another basic sense. Excuse me. online every basic sense graph please sit back carefully follow suppose your dad has income 20,000 from office simple example no economy econom is my problem your dad has income 20,000 from office my simple question is can he bring 20,000 at residence yes or Noble. Come on. Just develop your sense then economics. That income is 20,000 from office. Can you bring 20,000 at your home? Why know? Ah, what is that tax? Income tax or direct tax. Correct or not? Yes. Good. Adita also written suppose 10% is a tax. So how much dad is ultimately getting? >> Yes or no? Definitely not. 18,000 dad is bringing at home to purpose of consumption. consumption for making your livelihood and balance money what is due right what I said this to let you understand one important point income minus income tax is nothing but disposable income this is the terminology I need in my economics here just micro in macros so detail are there right so first mc is one. What is disposable income? It is nothing but income minus income tax. Is it clear for you first to tell me? Repeat or clear? Tell me. Repeat or clear? Repeat or clear? Indisposable income income minus. Is it clear online? Ba careful now. Who can answer me? Let's see. Can I write excuse me your dad has income 20,000 I don't repeat please no first day I'm 20,000 that has to pay income tax say 10%. How much he's bringing? 18,000. 18,000 bringing for your maintenance of livelihood and balance money does not say anything anyone balance money he saves. Correct. Economic term we call it as disposable income. The economic term can I write y money disposable income is equal to y minus t. Now like a good child tell me as tax increases what about disposable income? confidently by hearing someone don't say say first as tax increases what about disposal income so as tax increases what about aggregate demand confident level what is MCQ what is MCQ as government policy increases tax aggregate demand are you getting link better that is to come to class otherwise economous. Right? First question question is what? Disposable income. What is disposable income? Income minus income tax. Pass tax increases aggregate demand. The disposable income and income tax are income and income tax are inversely. So now point number one two point number two government policy under this please write down disposable income implies income minus tax. As income tax increases, disposable income decreases. So what should I write? Aggregate demand and tax are inversely related. Thank you KitK. Thank you Nia. Those who cannot read properly, disposal income implies y minus t. As income tax increases, disposal income decreases. So aggregate demand and tax are universally related. Everyone everyone return my dear here. Excuse me. here. Good. Don't let much response. Now another concept. Don't write anything. Tell me the what does it mean? Density of population >> density of population number of people in per good kilome right. Density of population means number of people per square. Very good. Thank you. Aa what is sex ratio? Number of female per thousand male. What is literacy ratio? Number of literate per thousand population. Yes or no? What is dependency ratio? At your residents who are dependent either up to 15 years or after 60 years either infant or a aged people. Yes or no? >> Now what is MC? So these are called composition of population. Composition of population and a nature of population. You tell me where literacy ratio is more income level is demand is correct. Yes or no? where sex ratio is more like Kerala you know that 99% sex ratio in Kerala means people female dominated state where where females are using whatever things that demand is more correct so where it is literacy rate is more demand is more where dependency rate is more infant and aged people's things are purchasing more so what is MCQ MCQ is this is known as demographic transition of population. Point number three, standby question. They give demographic structure of population. What are those? Density of population six ratio. Dependency rate, literacy rate, etc. Nothing else you require return everyone. Ah so many things are there I don't require yeah just the four points okay another concept is required simple way simple simple suppose one electronic shop correct simple example I'm g economics in my problem just you answer me that one electronic shop like here in Bangalore you have seen suppose you want to purchase one the refrigerator in your pocket you have 30,000 rupees you have to purchase that am I audible audible right huh correct simple example no economics you have entered into the shop refrigerator you have in your pocket 30,000 salesman has convinced you in a tremendous way ultim Ultimately you want to purchase one refrigerator with three door four door one lakh rupee price the B you have only 30,000 but you are fascinated to one lakh careful following practical sense the moment you utter this language to the salesman sir I do not have that one lakh I have 30,000 in my pocket the moment you utter this practical I'm telling Sir in this shop three hunter is waiting for this. Who are the three hunters? One is called Bajage Finsov representative. Another is called Sundaram finance representative. Another is called finance representative. They run to you. Sir you want to purchase this? I will give you with zero interest. They love you. Ga. No one loves you except your parents right I'll give you zero interest you are very happy sir you have panc cut or every same person has pard sir you take this refriator zero interest I'll give you also happy I'll take this material of one lakh but I'm paying you 30,000 only equated monthly installment I'll pay no interest sir the moment you enter into bajachin sir 2% interest is already gone You don't have to pay. They took from this dealer, right? Yes or no? You are happy and monthly you are purchasing that right now. Tell me as this type of facilities are more you you will demand more or less confidently more. Now come to CF question simple 10 years old question has credit facility is more aggregate demand is the aggregate demand and credit facility are okay clear one number one number four credit facility Aggregate demand and credit facility are directly related aggregate demand. Those who cannot read properly for them. Aggregate demand and credit facility are directly related. Number five, changes in population. I believe we do not have to say anything on this. Thus, population is more aggregate demand will be more. Sir, you tell me. Text me. Okay. No, no, no. Demographic structure means composition and population is number of population. Suppose huge amount of refugees are come out in West Bengal. Huge amount of Bangladeshes have entered. What does it mean? Population increases. Right. Correct. Number six. Give star for September and January. Number six. Demonstration effect and snow effect. one important point that is why I've written this with simple example demonstration effect and snob effect written this I have written over there if I can find out good otherwise I'll write a another English of demonstration effect is bandwagon effect and snow. Please copy that. Give star and copy that. Last bench is properly readable or should I zoom in better? Readable or zoom in quick better quick you have understood two terminology I have given another English demo. Yeah. Yeah. Please write down near full copy whatever I have written one simple example I given. So then only man can understand. Another English of demonstration effect is bandwagon effect. Full copy whatever written. Please copy that. from tomorrow in class. I'll show you how to answer that. Okay. You see Can you explain that? Everybody. Thank you. What is this first example? What is the first example? One is everyone is purchasing. I'm also purchasing. Right? The good successful businessman every Sunday they go for golf to show up that I also go for golf. Bandwagon or demonstration. Demonstration I have already given. First you try to clear this then go here online but I believe demonstration if you understood near thank you any successful businessman goes for golf I also go for golf. This is bandwagon or another English demonstration effect. Snob carefully follow me. Snob simple example I have given just for your knowledge question should come from either this line or this line. now perfect clear. Second one written tell me the what is that meaning? Yeah. Anyone better? >> Yeah, something more. So that I can maintain my show off. Very good. Simple language. Why example I shared with you? So that anyone can understand. Writing understood my intention. Baba my 65 question you have to answer nonstop then only my budget I always judge my batch if batch is not receptive I don't count because here Christ University thousand good good teachers are there all are learned unlike me I'm the simple normal teacher right so they are very very good teacher so if I'm not able to pay I'll go with folded hand other teacher Quick, quick, quick. It means bandwagon is affected. Yeah, correct. Jupiter is correct. Suppose your rich never has purchased something costly. In your mind, it should come. I wish I could purchase. If it is not coming in your mind, either you're a mad person or non-economic person, right? Or is a doen has observed this. Okay. My dear, I am left with one step of three points and then question back. Right? My class schedule is up to 1:30. So you want to take 5 minutes break I just have my coffee and come right so that that time I'll extend right so but please take maximum 5 to 7 minutes it is 1259 I'll catch up as 15 correct mean 5 minutes you take care and any person you can ask me The rest of her fighting online people are there and yeah this influenced by anyone I'll take care of this ready step of demand Step number four. Step number four. Right. Step number four. Step one was demand. Right. Step four of demand. Step two was change in quantity demand, change in demand. Step three, all factors in two parts. Step four. Right. Thank you. N. Step four. exception to the law of demand. Exception to the law of demand. First my but tell me what is law of demand? >> Simple one line. Tell me now what is law of demand? Inverse relationship between price and yes or no exception. What? Other than inverse relationship correct or no? Inverse relationship meaning d other than inverse relationship. Correct. First line write down exceptions to the law of demand implies exception. So the law of demand implies other than inverse relationship those who cannot read properly for them again I'm calling out exception to the law of demand employees other than inverse relationship. Now two important things you can answer me I have to help this person exception to the law of demon implies other than inverse relationship everyone done rough carefully follow me one line please carefully follow me simple way simple way simple way suppose you are CFC batch match and I am separating English please carefully follow me you are purchasing diamond and you are maintaining your life by purchasing diamond is it audible what I Good. You are purchasing diamond and one point I'm giving you. You are maintaining your life by purchasing diamond. Clear. I am helpless. I cannot purchase diamond. But I can maintain my life. Example clear. Economics is not your problem. Example is your problem. Econ is my problem. Now tell me like a good child. What is the difference between you and me? Simple example I given you. Come on answer me. Hello answer me here. You are purchasing diamond. You're maintaining life by purchasing diamond. I cannot purchase diamond. What is the difference between you and me? >> Purchasing power. First point. Very good valid point. Any other point I need. You are maintaining your life by purchasing diamond. I'm maintaining life my life without purchasing diamond. He said standard of who said love you love standard of living. Simple way you are maintaining life by purchasing diamond to you belong to higher society. I belong to lower society. Yes or no? >> Yes. >> Clear or simple way? You belong to higher society and belong to lower society. Correct or not? >> Yes. Now 1969 one of the greatest economics professor wavelin he observed this there are three types of consumer first consumer below poverty line they cannot purchase anything not a problematicity their income to boost second consumer just now I've done bandwagon like middle class people you are purchasing I'm also purchasing by influence by you I'm also purchasing they are not a problematic but problematic consumers uh those who always think that price is the ear stick of anything if price is more I'll go for that these are the problematic consumer right why problematic I'm telling you simple who can answer me let's see the way I'm asking please answer that way here I'm measuring price of diamond here I'm measuring quantity demand for diamond are you with me nihar and adita Good. Initial price of diamond is this better quantity is this correct? Now carefully catch me. When price of diamond increases, had it been normal goods, >> had it been normal goods? Answer, had it been normal English? If it is normal good, then what is happening? Won't it want to decrease? Yes or no? Now diamond has symbolic effect. Even if price of diamond increases, if I'm able to purchase a new design of diamond in next party when I go, I can show off my social status. Yes or no? So to maintain her social status irrespective of increasing price, demand will increase, right? >> What is the shape of demand curve? Confidently gold upward slope. What was the shape of demand for normal goods? What is the shape of demand for this type? Clear Baba. Is it law of demand or exception to the law of demand? Any doubt up to this any doubt? Good. Now five terminologies I have collected from five question back in one go. I want to give the topics. So number one point right right quick it is pronunciated as conspicuous goods number one conspicuous goods my dear students since it is second day I'm telling you if you like my way of teaching and explanation keep that notes with you in a perfect way it become also more or less same topic Whoever will teach it will be helpful for you. I don't know whether who will teach right it will be helpful for you. That's not conspicuous goods, ostentatious goods, prestige goods, web goods. H please write quick. Step four. I said to you to step four exception to the law. to under step four number one point Judas clear step four number one conspicuous goods ostentatious goods prestigious goods goods snob goods five terminologies after return. Please tell me is that for this type of goods like diamond tur etc. Or these type of goods like diamond toers these are precious stones or etc. Demand curve is upward sloped for these type of goods like diamond to pearl etc. Demand curve is upward sloped. Now make a simple demand curve. This price is this quantity sir. No gold may come that I'll let you know. Don't make this gold may gold may come. Silver knows. They don't ask you the example of goods. They ask you the terminologies. Five terminology should be clear. Conspicuous goods, ostentatious goods, prestigious goods, snob goods and bland goods. Yes. Part of exception. Thank you. Usa have written in one go so that you can clear it. Remark done. Excuse me everyone done or not please tell me over now second concept simple way but do I move on they're very proactive I've seen should I move on better simple example you tell me now don't write anything suppose At your residence, you require this amount of salt per months. Simple example at your residence you require this amount of salt per month. Correct? Simple exam. Could you hear me now? Like a good child. Answer me. Price of salt drastically decreases. What about quantity man? Confidently it should increase. Huh? Law of de says that though it should increase ah when price of salt decreases mama will say come on take salt th00and time is it possible? What about demand? Demand remains okay. So can I get another point somewhere like this? Yes or no? >> Yes sir. >> If price increases further again no no it is not gift and good s I said to you for Allah's sake please unlearn what you know please don't say please unlearn what you know just keep patience okay price increases not their fault. It's not their fault. If price increases whatever demand remain same the non-economic way my butchers nicely answered or sold irrespective of change in price demand remains same the shape of demand curve is parallel to the price axis agreed or not this is half knowledge my bas's knowledge should be what carefully follow me simple example simple way simple way suppose My income is monthly 20,000 say correct or sold at most I spend monthly 80 rupees for a normal family 1 kg sword more than enough yes or no like a good child tell me the does it occupy huge portion of my total income or very negligible portion of my total income first concept Yes or no? For salt I am engaging very negligible portion. Right now price of salt say decreases 50%. Right? How much real income change? Paka excuse me when I'm explaining if you don't listen you cannot understand. Chasma. Hello you. to you when I'm explaining look at here correct I selected there's some reason behind this please don't let me down the 40 rupees real income is increased the 40 rupees is out of my 20,000002% yes or no so real income is not affected to that extent yesterday I spent half an hour to explain you what is real income If real income is not affected to that extent does your demand change? Correct. Now come to C foundation question. Question is what? Look for one question explained that way. Question is what? Insignificant portion of income to be spent on commodity like salt, matchboxes etc. Even if price changes, demand remains It is law of demand or exception to the law of democracy. Understood? Point number one, two. Point number two, give star for September and January. Insignificant. No matter. Remain safe. Insignificant portion of income spent on commodity for matchboxes for salt. Does your demand change Baba for commodities? Jubra, any problem? 8:30 you can call me Baba. for commodity like salt, matchboxes, pin etc. Irrespective of change in price demand remains the same for commodity like salt, batch boxes, feeds etc. Irrespective of change in price, demand remains the same. Demand curve is vertical. Demand curve is vertical. Price here, quantity here. Just make one vertical demand curve. I'll take 10 minutes extra please otherwise I cannot take care that you have par access in the same language is it done everyone point number three these are the simple and speculative effect. Point number three is speculative effect with example again I'm telling you rough suppose you are experienced in share market correct experience in share market you know each and every fluctuation of share You're a good speculator. Correct. One simple example I'm giving you. If price of any particular share increases in a smaller extent, I repeat any particular company say L&T price increases in a smaller extent. You being experienced shareholder observes that this small increase in price is nothing but indicator of a drastic increase in price in near future. A simple way when price of any particular share increases in a smaller extent. Any doubt? You being experienced shareholder anticipate that this small increase in price at present is nothing but indicator of a drastic increase in price in near future. What you do? You'll buy more or less confidently more. Why? Because your experience says that in future that 10 rupee becomes 12 rupees. I cannot move. Yes or no? Can you give me guarantee? Do you actually increase that? Can you give me guarantee? It is what your anticipation in English is called anticipation. In general English it is called gambling. In economics it is called speculation. Correct or no? Now come to C for English. What is the MCQ for speculative effect? Does law of demand hold good? Yes or no? For speculative effect law of demand does not hold good. Either it is positive or it is straight line. Yes or no? Just one line. Nicely answered. Thank you. Please ad speculative effect. Law of demand does not hold good like shamat. Just one line. Nothing else required for speculative effect. Log demand does not hold good. After returning here, I believe everyone has done. Last point number four, different groups. Last time this question has come, it won't come. Just one line you write down. Anyone interested from my book you can go through also for different goods price of one commodity and demand for the commodity for given goods price of one commodity and demand for the commodity. are direct related last two time it has come it won't come but still online I have written if anyone interested from my book you can take care now the main thing is written everyone written now this is the main part for my students I give give a gift like this one topic is done right what is that topic it is called demand concept now before exam how to make yourself ready right I'm giving you one perfect things it will be helpful for you to take care anytime now go to next page new page wherever you finished up go to next new page first topic I'm helping you second topic onward you go ahead you take care and you show me not example weather nothing is required potato and all this part is there not required better if you interested you can go through my book new page go through and write down flow chart just one line for given goods price of Commodity and demand for the commodity are direct related. Nothing else you require. Thousand I said keep it that. Now go to new page. Luxman return please. Rexman text me flow chart of dimmer new page look what I'm making just look carefully what I'm making first dema what is the atomic Just one line desire back by desire back by correct look the way I'm making then it will be helpful for you first terminology second terminology law sorry law of demand what is that >> price False. Wanted increases. Price increases. Wanted falls. Yes or no? Get in. Get in. Get in. Look. My intention is if you are looking serious, you understood. In one page I give all my flowchart. Before exam my bachelor will go through the flowchart rough copy. They will scribble. Things will be registered here because it is professional. It is not your normal decom. If you attentively answer my class for economics would be very easy. We will take class. If I'm taking class then double advantage. If I have not other teacher will take care. So law of demon price and quantity are inverse lessons. So who has given that lovely va now bracket both the beta what should I write? Oh beautiful good. I used to give chocolate to my student those who answer properly but here I confined to one place like a stupid boy that is I cannot give when I started offline direct here I cannot because I confined in one place because the stupid people they couldn't come don't take it otherwise Alfred Marshall neclass right because if I don't dance from here to here I can't teach no problem Alfred Marshall Then main part is change in quantity demanded more better right side. What should I write? Wow. Wow. Wow. Now change in quantity demanded. Tell me better which factor responsible now understand now right also you should be versatile you know my bacha means China other things you're next to my child other things remaining constant sorry other things them Rice. Tell me it is called expansion or increasing. What demanded? Yes or no movement? I'm not writing. And it is called contraction or decrease in quantity. And similarly here it is called increasing demand. Upward shift. Rightward shift. Shift away. Just short form. Write down. No issue. Number two. Yeah. Yeah. Shift. Thank you. Decrease in demand. Downward shift. Left toward shift. Shift. Close. Those who are serious already understood in one page I'm giving everything before exam I'll look and I'll scribble don't I'll not see my copy I'll scribble tuck tuck tuck my 65 question ready for exam as I'm making make the file done close it one minute we're still Close it. Then factors factors make two part EX eyel You say now why just to rectify see foundation there why also correct the foundation they use N you trick you ask me that time my heart is very strong I clear everyone down PX PY M after that what is it income after that test and preference TN then expectation E X P X P Y M T and P expectation E X and over here first one is N I N I then second one government policy third one check checkm demographic composition Let me see >> credit facility CR change in population P >> demonstration effect that is both in exception and all demonstration effects no effect these are all short form A national income GP man policy DC man demographic CR mon facility man population and demonstration of some effort Close it. Then exception. So main part is first two. What are first two conspicuous? Ostentatious, prestige, snob, gravel and second one is salt large boxes. Third one is speculation. Fourth one is given. Check your copy sir. Online please check your copy. No sir before exam in one page last page your full demand should be there right it is first topic I'm taking seven or second topic homework you have to take it this icon of show so I believe it is helpful for you before exam you look at this and ask us no more assignment I'll show and much is it clear in one page everything should be there so that you can understand is it clear now 1 minute 1 minute hello copyright on Home assignment. Home assignment. MCQs on demand council. You know, copyright down home assignment. MCQs on demand council. Aa those were in WhatsApp group. You people already got this online ba offline BA. I believe everyone has made print out. Look how to answer, how to give me today. Everyone has noted my phone number. First you tell me simple way what is just randomly I'm asking you what is the answer of question number four. Confidently price of pestl increases demand for car >> how to answer right which option it is better look I'm showing four answer is B minus uh B four answer is B Y Po M car complimentary you can argue with me sir in your MCQA foundation we don't give any reasoning why you are writing them sir today in the month of May I'm explaining you you are appearing exam in the month of January by that time you forget my ugly face econ economics right to make an habit you should write always reasoning clear understood and is it clear what I said without reasoning nothing is accepted now you tell me question number six what is answer randomly I'm asking answer inferior goods are those good demand Huh? What is the answer? A for Ahmedabad or B for Bangalore? Lovely. Seven >> bandwagon effect why Delhi because influenced by everyone. I'm taking that. Yes or no? >> Yes. Then question number eight is what? Because you are purchasing but I'll purchase more of that. I'm not purchasing that right. Yes or no? Who can answer me? 30. Very good. Good. Correct. 14 >> Ahmedabad, Bangalore, Chennai, Delhi. Correct. So my dear students, again I'm giving you my number. You have to complete all 65 questions with reasoning and it should come to my WhatsApp maximum by 10:30 p.m. because after 10:30 I have doubt trading time of faster degree. After that problem within 10:30 name uh registration number given nothing given application number given name your number t answer in my words clear it should reach today by 10:30 sorry sir >> no no Here here in same no no look look how to write your copy this I'm making your copy perfect right for heaven's sake those who made this can you print out anyone print out for heaven's sake please don't take mark here now why because it is an asset for you before exam before exam I'll make one time table for do right that time you'll answer this question bank if you see that time answer doesn't make any sense clear everything should be in your copy one day by day I'll make one good file with other question in copy next page only you write I'm written the heading then my execution on demand concept 1 B reasoning 2 C reasoning like this in the same copy better in a same copy no print out Take picture, send it to me. Correct? >> Write down in your own handwriting. No typing, nothing. Take picture, send it to me by 10:30. Those who will not send tomorrow will not allow. Correct? Is it understood? >> Yes. >> Clear mand. Thank you very much. One minute.