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Study the following table and answer the questions:
| Price of Chocolate (₹) | Quantity Demanded | Market Demand | ||
| Consumer A | Consumer B | Consumer C | (A + B + C) | |
| 50 | 4 | 9 | 20 | 33 |
| 100 | 3 | `square` | 15 | 26 |
| 150 | `square` | 7 | 10 | 19 |
| 200 | 1 | 6 | 5 | `square` |
| 250 | 0 | 5 | `square` | 5 |
Questions:
- Complete the above table.
- State whether the following statements are True or False:
(a) As the price rises from ₹50 to ₹250, market demand falls from 33 to 5. This fall in market demand is known as the decrease in demand.
(b) There is an inverse relationship between price and market demand.
Concept: undefined >> undefined
Explain the meaning of the Price Index Number.
Concept: undefined >> undefined
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Complete the correlation:
______ : Microeconomics : : Aggregate demand : Macroeconomics.
Concept: undefined >> undefined
Identify and explain the concept from the given illustration:
Pooja collected information regarding a change in the quantity of imports of India from 2019 to 2020 and prepared an index number.
Concept: undefined >> undefined
Explain the meaning and nature of public expenditure.
Concept: undefined >> undefined
When supply curve is upward-sloping, it’s slope is ______.
Concept: undefined >> undefined
Choose the correct pair :
| Group A | Group B | ||
| 1) | Price Index | a) |
`(sump1q1)/(sump0q0)xx100` |
| 2) | Value Index | b) | `(sumq1)/(sumq0)xx100` |
| 3) | Quantity Index | c) | `(sump1q1)/(sump0q1)xx100` |
| 4) | Paasche's Index | d) | `(sump1)/(sump0)xx100` |
Concept: undefined >> undefined
Give an economic term:
Deposits that are withdrawable on demand.
Concept: undefined >> undefined
State with reasons whether you agree or disagree with the following statement.
There are many types of index numbers.
Concept: undefined >> undefined
Observe the following table and answer the questions given below it:
| Commodities | Prices in 2006 (in ₹) (Base Year) P0 | Prices in 2006 (in ₹) (Current Year) P1 |
| A | 20 | 30 |
| B | 30 | 45 |
| C | 40 | 60 |
| D | 50 | 75 |
| E | 60 | 90 |
Questions:
- Write the formula for calculation of price index.
- Find the value of ∑P0 and ∑P1.
- Find the price index P01.
Concept: undefined >> undefined
Choose the correct pair :
| Group A | Group B | ||
| 1) | Price Index | a) | `(sump_1q_1)/(sump_0q_0) xx 100` |
| 2) | Value Index | b) | `(sumq_1)/(sumq_0) xx 100` |
| 3) | Quantity Index | c) | `(sump_1q_1)/(sump_0q_1) xx 100` |
| 4) | Paasche's Index | d) | `(sump_1)/(sump_0) xx 100` |
Concept: undefined >> undefined
Trends shown by Public expenditure of any Government shows following trend.
- Constant
- Increasing
- Decreasing
- Fluctuating
Concept: undefined >> undefined
In India budget is presented in the Parliament by the ............................................
(Prime Minister / Finance Minister / Chief Minister / Defence Minister)
Concept: undefined >> undefined
Explain the relationship between Total utility and Marginal utility.
Concept: undefined >> undefined
Explain the law of demand with its assumptions.
Concept: undefined >> undefined
Slicing method and Lumping method.
Concept: undefined >> undefined
Determination of equilibrium price under perfect competition.
Concept: undefined >> undefined
There are no exceptions to the law of supply.
Concept: undefined >> undefined
State and explain the ‘law of demand’ with its exceptions.
Concept: undefined >> undefined
Credit money is created by the Central bank of a country.
Concept: undefined >> undefined
