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Complete the correlation.
Direct demand : Food and Mobiles : ______ : Land and Labour.
Concept: undefined >> undefined
Give economic terms:
Additional utility derived by a consumer from an additional unit consumed.
Concept: undefined >> undefined
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Assertion (A): Marginal utility (MU) goes on diminishing.
Reasoning (R): Total utility (TU) increases at a diminishing rate.
Concept: undefined >> undefined
Distinguish between:
Joint/complementary demand and competitive demand.
Concept: undefined >> undefined
Find the odd word out:
Direct demand:
Concept: undefined >> undefined
Complete the correlation:
Trade between India and Iran : International trade : : Trade between Maharashtra and Madhya Pradesh : ______
Concept: undefined >> undefined
Identify and explain the concept from the given illustration:
Deepak decided to count how many times he had to travel by train in a period of one month.
Concept: undefined >> undefined
Identify and explain the concept from the given illustration:
Maharashtra sold mangoes to Himachal Pradesh.
Concept: undefined >> undefined
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 concept of internal trade.
Concept: undefined >> undefined
Complete the correlation:
______ : Microeconomics : : Aggregate demand : Macroeconomics.
Concept: undefined >> undefined
Find the odd word out:
Useful products:
Concept: undefined >> undefined
Find the odd word out:
Types of demand:
Concept: undefined >> undefined
Give an economic term:
Deposits that are withdrawable on demand.
Concept: undefined >> undefined
Identify and explain the following concept:
Due to mandatory use of masks during corona epidemic the demand for mask-producing labour has increased.
Concept: undefined >> undefined
State with reasons whether you agree or disagree with the following statements:
When price of Giffen goods fall, the demand for it increases.
Concept: undefined >> undefined
State with reasons whether you agree or disagree with the following statements:
When price of Giffen goods fall, the demand for it increases.
Concept: undefined >> undefined
Explain the relationship between Total utility and Marginal utility.
Concept: undefined >> undefined
Change in the price of substitute goods affects the demand for another goods.
Concept: undefined >> undefined
Population is the only determinant factor of demand.
Concept: undefined >> undefined
