(English Medium) ICSE Class 10 - CISCE Important Questions

Identify the factor that affects market demand from the options below:

With the help of a graph explain the increase in demand concept.

Differentiate between extension and contraction of demand.

The following table shows the demand schedule for 3 consumers in a market.

Based on the above hypothetical schedule answer the following questions.

1. What is the demand of Consumer 3 priced at Rs 10 (i)
2. What is the demand of Consumer 2 priced at Rs 8 (ii)
3. Calculate the total market demand priced at Rs 4 (iii)
4. From the above given table examine the relationship between price and demand.
5. Mention any one exception to the law of demand.

State the law of demand.

Draw a diagram showing a perfectly elastic demand curve.

With the help of a graph explain the relatively inelastic demand for a commodity.

mention any two examples of composite demand.

The elasticity of demand for school bag will be ______.

Analyse the given graphs and identify the type of elasticity of demand of:

1. Picture 1
2. Picture 2

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 the term elasticity of demand.

Under what conditions does the supply of good exhibit unitary elasticity?

With the help of a graph explain a perfectly inelastic demand curve.

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.