# Consumer's Equilibrium and Demand (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 1 - 9 of 82

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## Question number: 1

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

Essay Question▾

### Describe in Detail

Explain the geometric method of measuring price elasticity of demand.

### Explanation

In geometric method we measure elasticity of demand at different points on demand curve. In this method elasticity of demand at any point on straight line demand curve is ratio of lower segment and upper segment of demand curve.

It is represented as:

=

… (76 more words) …

## Question number: 2

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

### Write in Short

How does the nature of a commodity influence its price elasticity of demand?

## Question number: 3

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

One Liner Question▾

### Write in Brief

Define ‘change in demand’

## Question number: 4

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

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

### Write in Short

Explain the effect of rise in the prices of ‘related goods’ on the demand for a good X. Use diagrams.

## Question number: 5

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

One Liner Question▾

### Write in Brief

What causes an upward movement along a demand curve of a commodity?

## Question number: 6

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

### Write in Short

Why is the consumer in equilibrium when he buys only that combination of the two goods that is shown at the point of tangency of the budget line with an indifference curve? Explain.

## Question number: 7

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

### Write in Short

Explain how a consumer consuming two commodities X and Y attains equilibrium

under the utility approach.

## Question number: 8

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

» Producer Behaviour and Supply » Supply » Elasticity of Supply

### Write in Short

There is a simultaneous ‘decrease’ in demand and supply of a commodity. When will it result in:

(a) No change in equilibrium price.

(b) A fall in equilibrium price.

Use Diagram.

## Question number: 9

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