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Write short notes on the Proportional method of measuring the elasticity of demand.
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Give reason or explain the following statement:
Micro economics is also known as price theory.
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Define or explain the following concept.
Unitary elastic demand.
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Write a short note on factors determining elasticity of demand.
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Write short note on :
Giffen's paradox.
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State and explain in detail the Law of Diminishing Marginal Utility ?
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State whether the following statement is True or False :
Concept of elasticity of demand is useful for finance minister.
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What is the elasticity of demand?
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Write whether the following statement is True or False:
Price theory is the base of micro economic analysis.
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State whether the following statement isTrue or False with reason:
The concept of elasticity of demand is useful in economic theory.
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Write explanatory note.
Government expenditure.
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The law of equi-marginal utility is based on the law of _________.
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Give reasons or explain the following statements
Demand for basic necessities is inelastic.
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State whether the following statements are TRUE or FALSE :
The demand of foodgrains is inelastic.
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What is meant by Perfect competition?
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Fill in the blanks with appropriate alternatives given in the bracket.
If the price of the inferior goods falls, the demand for them will ________.
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Fill in the blanks with appropriate alternatives given in the bracket.
Demand elasticity can be measured from demand curve by ___________ method.
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Do you agree with the following statement? Give reason.
Micro Economics is known as income theory.
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Match the following groups:
| Group A | Group B | ||
| 1. | Deficit budget | a. | Tax revenue |
| 2. | Government budget | b. | Capital receipts |
| 3. | Fees, license fee | c. | Irrigation |
| 4. | Borrowings | d. | Non-tax revenue |
| 5. | Plan expenditure | e. | One year |
| f. | Government expenditure > Government revenue | ||
| g. |
Two years |
||
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State whether the following statement is true or false.
The budget is a monthly statement.
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