HSC Arts (English Medium) १२ वीं कक्षा - Maharashtra State Board Important Questions for Economics

Explain any 'two methods' of measuring price elasticity of demand.

Demand for electricity is elastic.

Distinguish between the following:

Direct demand and Indirect demand.

Write short notes on the Proportional method of measuring the elasticity of demand.

Fill in the blank using proper alternative given in the bracket:

Market demand is a total demand of...............buyers.

Fill in the blank using proper alternative given in the bracket:

Perfectly inelastic demand curve is.....................................................

State whether the following statement is True or False :

Demand for necessary goods is inelastic.

Write a short note on factors determining elasticity of demand.

State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement: 

There are no exceptions to the law of Demand.

Fill in the blank with proper alternatives given in the bracket:

Indirect demand is also known as _______ demand.

State whether the following statement is true or false.

Perfectly inelastic demand curve is parallel to ‘X’ axis.

Define or explain the following concept.

Market Demand .

Write short answer for the following question.

Explain the Law of Demand.

Explain with reason, whether you agree or disagree with the following statement:

Price elasticity of demand can not be measured by using geometric method.

Fill in the blank using proper alternatives given in the bracket:

Demand for salt is ...............

State whether the following statement is True or False :

Concept of elasticity of demand is useful for finance minister.

Explain with reason whether you ‘agree’ or ‘disagree’ with the following statement:

Various factors incluence tha demand for a commodity.

Fill in the blanks using proper alternatives given in the brackets. 

Demand for car and petrol is ____________ de 

Define or explain the following concepts (Any THREE): 

Individual demand