CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics: Questions 520 - 523 of 523

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Question number: 520

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

Essay Question▾

Describe in Detail

Explain the problem of ‘excess demand’ in an economy with the help of a diagram. Explain the role of bank rate in correcting it.

Explanation

Excess demand is generated when economy is operating its full employment. Some problem occur in excess demand when aggregate demand is greater than aggregate supply to full employment level.

Increase in prices and in employment and output generate economic problems. In that situation of excess demand is not in the… (262 more words) …

Question number: 521

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

Essay Question▾

Describe in Detail

Distinguish between: Individual demand and market demand

Explanation

Distinguish between Individual demand and market demand

In detail given Distinguish between Individual demand and market demand

Characteristics

Individual demand

market demand

Definition

Individual demand means the demand of one individual.

Market demand means the demand of all individuals in a market.

What it represent?

It represents the quantity of… (52 more words) …

Question number: 522

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

Essay Question▾

Describe in Detail

Distinguish between: ‘Change in demand’ and ‘change in quantity demanded’

Explanation

Distinguish between Change in demand and change in quantity demanded

In detail given Distinguish between Change in demand and change in quantity demanded

Characteristics

Change in demand

Change in quantity demanded

Definition

The demand curve is usually downward sloping and is explained by the law of demand.

The quantity demanded… (78 more words) …

Question number: 523

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Distinguish between ‘revenue receipt’ and ‘capital receipt’ and give two examples of each.

Explanation

Distinguish between revenue receipt and capital receipt and give two examples

In detail Distinguish between revenue receipt and capital receipt and give two examples

Characteristics

Revenue receipt

Capital receipt

Definition

Revenue receipt means income created from the operating activities.

Capital receipt means income created from investment

What does receipt create?… (41 more words) …

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