CPT Chapter Market

CA CPT Exam

With Bharat Galani.Duration:2hrs

Market & Determination of Price	Duration (min:sec)
What is Market?
{modal https://www.youtube.com/embed/x-3Wccc64fU?autoplay=1;rel=0\|width=780\|height=439\|title=Introduction}Introduction{/modal}	00:56
{modal https://www.youtube.com/embed/sD_vj49o4NU?autoplay=1;rel=0\|width=780\|height=439\|title=What is Market}What is Market{/modal}	02:11
{modal https://www.youtube.com/embed/qzghYEKi71s?autoplay=1;rel=0\|width=780\|height=439\|title=Features of Market}Features of Market{/modal}	06:07
{modal https://www.youtube.com/embed/PIuOeffL6mw?autoplay=1;rel=0\|width=780\|height=439\|title=Classification of Market}Classification of Market{/modal}	22:32
{modal https://www.youtube.com/embed/mTm0ZkGMPkk?autoplay=1;rel=0\|width=780\|height=439\|title=Types of Competition}Types of Competition{/modal}	18:19
{modal https://www.youtube.com/embed/cwG8DZfOeDk?autoplay=1;rel=0\|width=780\|height=439\|title=Revenues}Revenues{/modal}	13:30
{modal https://www.youtube.com/embed/62XfqcBiP2w?autoplay=1;rel=0\|width=780\|height=439\|title=Relationship Between AR,MR & Price elasticity}Relationship Between AR,MR & Price elasticity{/modal}	03:46
{modal https://www.youtube.com/embed/Tk4K8bEiDk8?autoplay=1;rel=0\|width=780\|height=439\|title=Behavioural Principle}Behavioural Principle{/modal}	03:40
{modal https://www.youtube.com/embed/s3WaamCyt8E?autoplay=1;rel=0\|width=780\|height=439\|title=Quiz}Quiz{/modal}	08:15
{modal https://www.youtube.com/embed/Q23g_UxWJVA?autoplay=1;rel=0\|width=780\|height=439\|title=Conclusion}Conclusion{/modal}	01:44
Price determination
{modal https://www.youtube.com/embed/NLF0SJpS1KM?autoplay=1;rel=0\|width=780\|height=439\|title=Determination of Price Introduction}Determination of Price Introduction{/modal}	01:06
{modal https://www.youtube.com/embed/dOjpSu662V0?autoplay=1;rel=0\|width=780\|height=439\|title=Equilibrium}Equilibrium{/modal}	04:15
{modal https://www.youtube.com/embed/oZ4IU6CEblQ?autoplay=1;rel=0\|width=780\|height=439\|title=Change in Demand & Supply}Change in Demand & Supply{/modal}	12:44
{modal https://www.youtube.com/embed/y-p_G_DTKzw?autoplay=1;rel=0\|width=780\|height=439\|title=Simultaneously Change in Demand & Supply}Simultaneously Change in Demand & Supply{/modal}	11:22
{modal https://www.youtube.com/embed/GpFt0EgipOo?autoplay=1;rel=0\|width=780\|height=439\|title=Quiz}Quiz{/modal}	08:21
{modal https://www.youtube.com/embed/fMOOUETlGGE?autoplay=1;rel=0\|width=780\|height=439\|title=Conclusion}Conclusion{/modal}	01:21
Total	2:00:09

Few MCQ Examples-

Given the relation MR = P (e-1/e ) ,if e < 1, then
(a) MR < 0
(b) MR > 0
(c) MR = 0
(d) None of these

MR of nth unit is given by:
(a) TRn-TRn-1
(b) TRn/TRn-1
(c) TRn+TRn-1
(d) All of these

Given, AR = 5 and Elasticity of demand = 2 Find MR.
(a) + 2.5
(b) - 2.5
(c) + 1.5
(d) + 2.0

If a seller obtains Rs.3,000 after selling 50 units and Rs.3,100 after selling 52 units then MR will be
(a) 59.62
(b) 50.00
(c) 60.00
(d) 59.80

Conclusion-

What is a Market?
Elements of a market
Classification of market
Concepts of TR, AR & MR

Notes

Index

What is a Market?
Elements of a market
Classification of market
Concepts of TR, AR & MR

Elements of market

i. buyer & seller
ii.product or service
iii.bargaining for a price
iv.knowledge about market condition
v.one price for a product or service at a given time.

Classification of Market

Basis :
Area
Time
Nature of transaction
Regulation
Volume of Business
Types of competition

Classification of Market:Area

Local Market- perishable goods, bulky articles
Regional Market- Semi-durable goods
National Market- durable & industrial items
International Market- precious comodity

Classification of Market:Time

Very- short period Market:
supply fixed. ex- perishable goods
Short period Market:
Supply can be increased by employing variable factors,ex-contract workers
Long period Market
Supply can be increased by employing fixed factors of prod.ex- new plant
Very-long period or secular period

Classification of Market:Transaction

Spot Market
goods are physically transacted on the spot ex-local rice market

Future Market
goods are transacted for future dates. ex- MCX

Classification of Market:Regulation
Regulated Market
By Govt to curb unfair practices . ex- telephone(TRAI), Stock Exchange(SEBI)

Unregulated Market
Free Market ex- mobile handset market

Classification of Market:Volume

Wholesale Market
Bulk , APMC market , Flower market (Dadar)
Retailers buy from Wholesale market

Retail Market
Small quantities,
Consumers buy from Retail Market

Classification of Market:Competition

Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly