Consumer's Equilibrium and Demand-Demand (CBSE (Central Board of Secondary Education- Board Exam) 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

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

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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.

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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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