Consumer's Equilibrium and Demand-Demand (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 1 - 11 of 62

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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:

=

price elasticity of demand

Price Elasticity of Demand

This iamge is of price elasticity of demand

… (76 more words) …

Question number: 2

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

Short Answer Question▾

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

Short Answer Question▾

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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: 5

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

One Liner Question▾

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

Question number: 6

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

» Producer Behaviour and Supply » Supply » Elasticity of Supply

Short Answer Question▾

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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.

Use Diagram.

Question number: 7

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

One Liner Question▾

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

Question number: 8

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

One Liner Question▾

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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: 9

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

Short Answer Question▾

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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: 10

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

Short Answer Question▾

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

Question number: 11

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

Short Answer Question▾

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

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