(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Economics

State whether demand will be Elastic or Inelastic. Give reasons for your answer.

The demand for salt by households.

State whether demand will be Elastic or Inelastic. Give reasons for your answer.

A consumer prefers to postpone the purchase of a car to avail more of year ending discount.

Explain any three features of a monopoly market.

How is fixed deposit different from saving deposit?

Ram an employee and Shyam an elderly citizen was travelling by train from Delhi to Chennai separately. However, the cost of their tickets is different. Give reasons for the railways charging different prices to different customers.

How does the availability of substitutes of a commodity affect its price elasticity of demand?

When will the demand curve be parallel to x-axis?

Comment upon the shape of the demand curve, if E_d = 0.

State 3 factors which affect price elasticity of demand.

How does the nature of a commodity affect its price elasticity of demand?

How does the nature of a good affect its elasticity of demand?

Identify the feature of monopoly market from the following:

A ______ firm can sell the same product at different prices to different buyers.

Under a monopoly market, a firm/seller has ______.

Which of the following describes a monopoly firm?

Explain any four factors that lead to the emergence of monopoly.

Why is the demand curve under monopoly less elastic as compared to the demand curve under monopolistic competition?

Mention an important difference between a Commercial Bank and the Central Bank.

Distinguish between Normal goods and Inferior goods. 

Give five points of difference between Commercial and Central Bank.