Various application of different economics concepts/principle

Circus artistes/performers performing in multiple cities and events

You must have notice that all circus artistes perform their shows in multiple cities.

Are you think the Economic concept about it. 

According to law of diminishing marginal utility if you consume one specific goods/services repeatedly then the utility you get it will decrease . Like that if same audience will watch same show repeatedly then there interest will decrease.
so that circus show held in different cities

Impact of supplies in the live musical performance

According to supply concept supply increases with the price increases and vice versa.

In a live concert singers are pre signed for the event so what ever the footfall due to price of the show they can't change their predetermined program  slot or schedule. so supply of the music in the song is continuous and constant.

and this situation is called perfectly inelastic of supply.

 

 

 source https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjZ35Ko2YjdAhXLeX0KHeAdAuEQjRx6BAgBEAU&url=https%3A%2F%2Fwww.economicshelp.org%2Fconcepts%2Finelastic-supply%2F&psig=AOvVaw2RJqheilGwdDDVFwjOQtrk&ust=1535303475423976

so here supply has no change with the change in price.

Increase in production factor leads to increase in output

Isoquant is the locus of point where output is equal at various combination of factor of production.

so here if producer will want to increase any one of the product then he have to sacrifice any other factor so if producer will want to increase the output so he have to increase both the factor which will gives a different isoquant curve away from the center.

Factor of demand for the beauty contestant

Factors of demand are those incentive which atract the customer toward the product.

So like that for evry thing to increase its demand there must be the strong incentives or strong factor to highlight . We can compare these concept with beaty contest . many girls and boys decorate themselves with so many fancy thing so that they can look beautiful and they can increase there demand for the audiance and gudges.

change in demand of the vegetable with  high price fluctuation

Indian customers are very sensitive towards the price. when any goods price increases the suddenly change there preference to substitute good so when a little price fluctuation happens in  a particular vegetable it affects to customer very much and they jump to substitute goods .

So vegetables are those product which demand affect verymuch with a little fluctuation of price 

and this is called   demand is elastic or demand is >1