HSC Science (Computer Science) १२ वीं कक्षा - Maharashtra State Board Important Questions for Economics

State whether the following statements are TRUE or FALSE :  

The demand of foodgrains is inelastic. 

State whether the following statements are TRUE or FALSE : 

 The demand of foodgrains is inelastic.  

The account in which the specific amount is deposited per month regularly is known as ______.

Explain the following concepts or give definitions. 

Demand 

Give reasons or explain the following statements (Any Four): 

The demand curve is sloping down from left to right. 

Write explanatory notes or answer the following.

 Aggregate demand 

Fill in the blanks with appropriate alternatives given in the bracket.

Demand elasticity can be measured from demand curve by ___________ method. 

Define or Explain the concept 

 Perfectly elastic demand  

State whether the following statements are True or False with reason: 

Demand for medicine is inelastic. 

Distinguish between Joint demand and Composite demand. 

Do you agree with the following statement? Give reason

Many factors influence the demand for a commodity.

Fill in the blank with appropriate alternatives given below:

Income elasticity of demand for inferior goods is __________.

Define the following concept:

Cross Elasticity of Demand

Fill in the blank using appropriate alternatives given below

The demand for perishable goods is _______

Write short answer for the following question :

Total outlay method of measuring price elasticity of demand.

Give an economic term: 

Elasticity resulting from a proportionate change in quantity demanded due to a proportionate change in price.

• Assertion (A): Elasticity of demand explains that one variable is influenced by another variable.
• Reasoning (R): The concept of elasticity of demand indicates the effect of price and changes in other factors on demand.

Statements related to decrease in demand

1. It is a type of change in demand
2. It takes place due to unfavourable changes in other factors like tastes, income etc.
3. Price remains constant
4. Demand curve shifts to the right hand side of the original demand curve

Complete the correlation.

Direct demand : Food and Mobiles : ______ : Land and Labour.

Distinguish between:

Joint/complementary demand and competitive demand.