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

What is a degressive tax? 

Mention any two factors that cause a rightward shift of the demand curve.

The diagram shows the demand for shoes:
Which of the following would cause a movement from B to A?

Distinguish between a change in quantity supplied and a change in supply.

Distinguish between expansion of supply and increase in supply.

Explain briefly the impact of the cost of production on the elasticity of supply.

Draw a perfectly inelastic supply curve.

With the help of a suitable diagram, explain the following degree of elasticity of supply.

E_s = ∞

Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.

Draw a perfectly elastic supply curve.

Define a relatively elastic supply.

Identify the degree of elasticity of supply from the following graph:

What is the formula for percentage method of calculating price elasticity of supply?

Explain any three factors affecting elasticity of supply.

What is the degree of elasticity of supply in the diagram?

A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.

When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.

Which of the following measures of price elasticity shows elasticity shows elastic supply?

Define elasticity of supply.

Which of the following measures of price elasticity shows inelastic supply?