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...Directorate of distance education university jammu self learning material b a semester i subjet economics unit to iv code no ec lesson stanzin shakya course co ordinator http www distanceeducationju in printed and published on behalf the by director dde content editing proof reading dr neelam choudhary all rights reserved part this work may be reproduced any form mimeograph or other means without permission writing from script writer shall responsible for submitted plagiarism his her entire responsibility at jandiyal printing press contents title page nature scope market price determination demand supply laws cardinal marginal utility analysis indifference curve consumer s equilibrium through an elasticity income cross surplus production decisions function iso quant firm expansion path law variable proportions returns scale economies different concepts cost their inter relations forms perfect imperfect markets competition monopoly discrimination monopolistic oligopoly taxation producti...