CBSE Class-12 Economics: Questions 35 - 40 of 523

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 523 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Rs. 900.00 or

Question number: 35

» Producer Behaviour and Supply » Supply » Supply Curve

Short Answer Question▾

Write in Short

Explain the effects of ‘increase’ in supply of a good on its equilibrium and equilibrium quantity. Use diagram.

Question number: 36

» National Income and Related Aggregates » Methods of Calculating National Income » Value Added or Product Method

One Liner Question▾

Write in Brief

From the following data relating to a firm, calculate its net value added at factor cost:

information regarding the calculation of net value added at factor cost

various data and their amount is given for the calculation

No.

particulars

Amount ( Rs. in Crores)

1

Subsidy

40

2

Sales

800

3

Depreciation

30

4

Exports

100

5

Closing stock

20

6

Opening stock

50

7

Intermediate purchases

500

Question number: 37

» Consumer's Equilibrium and Demand » Consumer's Equilibrium

Short Answer Question▾

Write in Short

(a) What is a budget line? What does the point on it indicate in terms of prices?

(b) A consumer consumes only two goods X and Y. Her money income is Rs. 24 and the prices of Goods X and Y are Rs. 4 and Rs. 2 respectively. Answer the following questions:

(i) Can the consumer afford a bundle 4X and 5Y? Explain.

(ii) What will be the MRSXY when the consumer is in equilibrium? Explain.

Question number: 38

» Consumer's Equilibrium and Demand » Demand » Determinants of Demand

One Liner Question▾

Write in Brief

Explain the inverse relationship between the price of a commodity and its demand.

Question number: 39

» Consumer's Equilibrium and Demand » Demand » Elasticity of Demand

One Liner Question▾

Write in Brief

A rise in the price of a good results in an increase in expenditure on it. Is its demand elastic or inelastic?

Question number: 40

» Money and Banking » Money and Functions

One Liner Question▾

Write in Brief

How does money solve the problem of double coincidence of wants?

Sign In