NMIMS Solved Assignment Micro Economics & Macro Economics June 2026:Â [Unique]@650
NMIMS Solved Assignment Micro Economics & Macro Economics June 2026: General@300 Rs.
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Assignment Marks: 20
Instructions
PLEASE NOTE: This assignment is application based, you have to apply what you have
learnt in this subject into real life scenario. You will find most of the information through
internet search and the remaining from your common sense. None of the answers appear
directly in the textbook chapters but are based on the content in the chapter
NMIMS Centre for Distance and Online Education (NCDOE)
Course: Micro Economics & Macro Economics
Internal Assignment Applicable for June 2026 Examination
l All Questions carry equal marks
l All Questions are compulsory
l All answers to be explained in not more than 1000 words for question Q1 and for question Q2(A)
and Q2(B) in not more than 500 words for each subsection. Use relevant examples, illustrations as
far as possible
l All answers to be written individually. Discussion and group work is not advisable.
l Students are free to refer to any books/reference material/website/internet for attempting their
assignments, but are not allowed to copy the matter as it is from the source of reference.
l Students should write the assignment in their own words. Copying of assignments from other
students is not allowed
A premium electric scooter company, Eco Ride Motors, has been operating successfully in a metropolitan city. Over the last six months, the company has observed a significant increase in demand for its scooters, even though the price of the scooter has remained unchanged.
The following developments have taken place in the market:
The government has announced higher fuel prices and reduced subsidies on petrol vehicles.
Consumer income levels have increased due to salary hikes in the IT sector. The government has introduced tax incentives for electric vehicle buyers.
There has been growing environmental awareness among consumers. The price of public transport passes has increased.
A reputed automobile brand has launched a cheaper substitute electric scooter. Despite no change in EcoRide’s product price, sales volume has increased noticeably. Using demand theory, evaluate how each of the above factors would individually affect the demand for EcoRide scooters. Clearly identify which factors would cause a rightward shift and which would cause a leftward shift of the demand curve, and distinguish clearly between a movement along the demand curve and a shift of the demand curve in this context.
Q2 (A)Â A domestic airline reduces the ticket price for a popular route from Rs.5,000 to Rs.4,000. As a result, the number of passengers increases from 10,000 per month to 13,000 per month. The management wants to understand whether the price cut improved total revenue and whether similar pricing strategies should be adopted on other routes.
Compute the price elasticity of demand. Based on your result determine whether
demand is elastic, inelastic, or unitary elastic .
Q2 (B)    A multinational telecom company is entering a new international market where there is no historical sales data for its smartphones. Due to high uncertainty regarding consumer preferences, pricing sensitivity, and competitive response, the marketing director proposes using the Delphi technique to forecast initial demand for inventory planning and promotional campaigns.
Evaluate the suitability of the Delphi technique in this context and explain how this technique works. Illustrate with a relevant example of how telecom experts’ opinions
could be used to estimate demand.
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