Consumer's Equilibrium and Demand-Demand (CBSE Class-12 Economics): Questions 1 - 11 of 62

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Question number: 1

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

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

Question number: 2

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

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Define ‘change in demand’

Question number: 3

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

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

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

Question number: 4

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

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

Question number: 5

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

» Producer Behaviour and Supply » Supply » Elasticity of Supply

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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.

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Question number: 6

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

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

Question number: 7

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

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

Question number: 8

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

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

Question number: 9

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

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Explain the effects of change in income on demand for a good.

Question number: 10

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

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State any three factors that cause an ‘increase’ in demand of a commodity.

Question number: 11

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

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What happens to total expenditure on a commodity when its price falls and its demand is price elastic?

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