Consumer's Equilibrium and Demand (CBSE Class-12 Economics): Questions 27 - 36 of 82

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Question number: 27

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

Appeared in Year: 2010

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In which market demand curve of a firm is perfectly elastic?

Question number: 28

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

Appeared in Year: 2011

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Describe in Detail

Explain the role of the following in correcting ‘excess demand’ in an economy: (i) Bank rate. (ii) Open market operations.

Explanation

(i) Bank rate as an instrument to correct excess demand: -

Bank rate is the rate in the central bank provides loan to the commercial banks. To control excess demand the central bank increases the bank rate. A rise in the bank rate increases the cost of borrowing for the… (107 more words) …

Question number: 29

» Consumer's Equilibrium and Demand » Indifference Curve Analysis

Appeared in Year: 2010

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Define an indifference curve.

Question number: 30

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

Appeared in Year: 2011

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Describe in Detail

Explain the role of the following in correcting ‘deficit demand’ in an economy: (i) Open market operations. (ii) Bank rate.

Explanation

(i) Open Market Operations as an Instrument to correct Deficit Demand

Open Market Operations indicate to the buying and selling of securities in general public or to the commercial banks in an open market. Deficit demand and the central bank purchases securities in the open market with purchase of securities… (94 more words) …

Question number: 31

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

Appeared in Year: 2009

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When is the demand of a commodity said to be inelastic?

Question number: 32

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

Appeared in Year: 2010

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Why is demand for water inelastic?

Question number: 33

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

Appeared in Year: 2012

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What are demand deposits?

Question number: 34

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

Appeared in Year: 2012

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Explain the concept of ‘exceeds demand in macroeconomics also explain the role of ‘open market operation’ in correcting it.

Explanation

Excess demand occur if aggregate demand for output is full employment level of output.

If ADE > ADF Excess demand indicate aggregate demand for output which is more than full employment of output. Excess aggregate demand is the deference between aggregate demand and full employment level… (127 more words) …

Question number: 35

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

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Explain the concept of ‘deficient demand’ in macroeconomics. Also explain the role of Bank rate in correcting it.

Explanation

In deficient demand equilibrium level of demand for output is less than full employment level of output.

If ADE < ADF

It means deficit demand include when aggregate demand of output is less than full employment of demand. Deflationary gap measure amount of deficiency in aggregate… (106 more words) …

Question number: 36

» Consumer's Equilibrium and Demand » Indifference Curve Analysis

Appeared in Year: 2012

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Outline the steps taken in deriving saving curve from the consumption curve. Use diagram.

Explanation

The consumption curve.

The Consumption Curve.

consumption curve given.

In this diagram C + by is the consumption curve. Here 45° line is aggregate supply curve. At point E consumption = income and C is represent as autonomous consumption.

Step for derivation of supply curve from consumption curve given below:… (53 more words) …

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