HSC Commerce (English Medium) इयत्ता १२ वी - Maharashtra State Board Important Questions for Economics

Explain with reason, whether you agree or disagree with the following statement:

Price elasticity of demand can not be measured by using geometric method.

Fill in the blank using proper alternatives given in the bracket:

Demand for salt is ...............

State whether the following statement is True or False :

Concept of elasticity of demand is useful for finance minister.

Explain with reason whether you ‘agree’ or ‘disagree’ with the following statement:

Various factors incluence tha demand for a commodity.

Fill in the blanks using proper alternatives given in the brackets. 

Demand for car and petrol is ____________ de 

Define or explain the following concepts (Any THREE): 

Individual demand 

Define or explain the following concepts (Any THREE): 

Cross elasticity of demand 

Write whether the following statement is True or False:

Demand curve has a positive slope.

Write whether the following statement is True or False:

Demand for commodities depends upon various factors.

Write whether the following statement is True or False:

Salt has elastic demand.

Match the following Group ‘A’ with Group ‘B’:   

Define the concept of demand schedule.

State whether the following statement isTrue or False with reason:                            

The concept of elasticity of demand is useful in economic theory.

Answer the following Questions. [Any Three] 

Explain the  imprtance of elasticity of demand.

 Distinguish between :

 Individual demand schedule and Market demand schedule.

Fill in the blank with appropriate alternatives given in the bracket: 

The law of demand states ________ relation between demand and price. 

fill in the blank with appropriate alternatives given in the bracket: 

 Demand for salt is ___________. 

Choose the correct answer :                

 Perfectly elastic demand curve is _________.