ECONOMICS-2015: Daily Answer Writing Challenge – 21
- The ‘non-rival nature’ of social goods consumption has important bearing on efficient resource allocation. Explore the problem with the examples and diagrams. (2011 – 20 marks)
- How does the burden of tax distribution between buyers and sellers in the ratio of elasticity of demand and that of supply take place ? (2011 – 20 marks)
- What is the difference between horizontal equity and vertical equity while considering ability to pay ? How should the problem be resolved ? Illustrate graphically. (2011 – 20 marks)
