# CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics: Questions 35 - 40 of 523

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## Question number: 35

» Producer Behaviour and Supply » Supply » Supply Curve

### 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:

 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

### 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

One Liner Question▾

### Write in Brief

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

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