Consumer's Equilibrium and Demand-Demand (CBSE Class-12 Economics): Questions 12 - 19 of 62

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Question number: 12

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

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State three changes leading to the shift of demand curve of a consumer to the right.

Question number: 13

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

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Calculate the price elasticity of demand for a commodity when its price increases by 25 % and quantity demanded falls from 150 units to 120 units.

Question number: 14

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

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Give meaning of (1) demand, (2) normal good and (3) inferior good

Question number: 15

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

Appeared in Year: 2011

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8 units of a good are demanded at a price of Rs. 7 per unit. Price elasticity of demand is (-) 1. How many units will be demanded if the price rises to Rs. 8 per unit? Use expenditure approach of price elasticity of demand to answer this question.

Question number: 16

» 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: 17

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

Appeared in Year: 2011

Essay Question▾

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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: 18

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

Appeared in Year: 2011

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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: 19

» 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?

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