All the ECE III year students especially Section "D" must read all the important questions from first three units .
UNIT-1
LONG QUESTIONS:
1) What is Managerial Economics?, Explain its Nature, scope and Importance in the present business scenario
2) Define the Law of demand, Explain its Assumptions, its determinants and Exceptions
(or)
Why the Demand curve always slopes down from left to right - Discuss
3) What is Elasticity of demand, Explain various types of elasticity of demand with graph and suitable examples
4) Explain various methods of demand forecasting
The fragrance of flowers spreads only in the direction of the wind
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