Micro Economics

Exchange and Distribution

(According to the revised syllabus of University of
Lucknow 2018 with Multiple Choice Questions)

Dr. Anjum Abrar Dr. A. K. Singh

M. Com. (App. Eco.), M B A, UGC (NET), Ph.
M.Com (App. Eco.), Ph.D.
D.
Associate Professor, Department of Applied
Department of Applied Economics,
Economics,
Faculty of Commerce,
Shia P.G. College, Lucknow
University of Lucknow.

Ms. Arpana Pant

M.A., M.phil., UGC (NET) Economics.
Assistant Professor,
Department of Commerce,
Avadh Girls’ P.G. College, Lucknow

2019
 © Copyright
Publisher
This book or any part thereof must not be
reproduced to any form, without the written
permission of the Publisher.

First Edition : 2018

Price : 210/- Only

ISBN :

Link Publishers
35, Friends Colony, Napier Road Colony Part-II,
Lucknow-226 003
Phone : 9628546656
 PREFACE

Although there are various excellent

Textbooks written by eminent Economists
covering the various problems of Economics,
hardly any of them can claim to cover the topics
prescribed by the University of Lucknow for
B.Com, II semester of Micro Economics:
Exchange and Distribution Paper. This book is a
humble attempt to present before the readers
different topics on Micro Economics - II in a
comprehensive and intelligible manner.
Students will also find this book useful in
preparing for the examination according to the
latest examination pattern for 2018-19 with
more than two hundred MCQ’s.
In view of above, we hope this will serve
as a useful text book for the students of
Commerce, Arts and even those who appear in
various competitive examinations.
We gratefully acknowledge the help &
cooperation that we received from the teachers.
We feel confident that the book will meet
a real need. If it is widely read and used, we
shall feel amply rewarded. Any suggestions to
further increase the utility of the book will be
gratefully acknowledged and readily
incorporated in the next edition.
Anjum Abrar
A k Singh
Aparna Pant

Micro Economics
Exchange and Distribution

CONTENTS
S.No. Chapter Page Nos.
1 Market: Concept and 1-9
Classification
2 Supply: Concept, Types and 10-29
Elasticity
3 Elasticity of Supply 30-39

4 Revenue Curves 40-46

5 Equilibrium of the firm under: 47-67

Perfect Competition
6 Price Determination under 68-85
Monopoly
7 Imperfect Competition 86-101

8 Theories of Distribution 102-113

9 Rent 114-128

10 Wages 129-150

11 Interest 151-173
12 Profit 174-184

13 Multiple Choice Questions 185-212