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Define or explain the following concepts (Any THREE):
Individual demand
Concept: Types of Demand
Define or explain the following concepts (Any THREE):
Cross elasticity of demand
Concept: Determinants of Price Elasticity of Demand
Define or explain the following concepts (Any THREE):
Stock
Concept: Factors Affecting Price Elasticity of Demand
Write whether the following statement is True or False:
Demand curve has a positive slope.
Concept: Concept of Demand
Write whether the following statement is True or False:
Demand for commodities depends upon various factors.
Concept: Concept of Demand
Write whether the following statement is True or False:
Salt has elastic demand.
Concept: Concept of Demand
Concept: Concept of Demand
Match the following Group ‘A’ with Group ‘B’:
| Group ‘A’ | Group ‘B’ |
| (a) Electricity | (1) Joint demand |
| (b) Perfectly elastic demand | (2) Lord Keynes |
| (c) Aggregate supply | (3) Prof. Pigou |
| (d) Propensity to consume | (4) Fixed deposits |
| (e) Higher interest rate | (5) Composite demand |
| (6) Demand curve parallel to ‘X’ axis | |
| (7) Natural resources |
Concept: Types of Demand
Define the concept of demand schedule.
Concept: Concept of Demand
State whether the following statement isTrue or False with reason:
The concept of elasticity of demand is useful in economic theory.
Concept: Concept of Elasticity of Demand
Answer the following Questions. [Any Three]
Explain the imprtance of elasticity of demand.
Concept: Determinants of Price Elasticity of Demand
Concept: Factors Affecting Price Elasticity of Demand
Distinguish between :
Individual demand schedule and Market demand schedule.
Concept: Concept of Demand
Fill in the blank with appropriate alternatives given in the bracket:
The law of demand states ________ relation between demand and price.
Concept: Concept of Demand
fill in the blank with appropriate alternatives given in the bracket:
Demand for salt is ___________.
Concept: Concept of Demand
Choose the correct answer :
Perfectly elastic demand curve is _________.
Concept: Factors Affecting Price Elasticity of Demand
Choose the correct answer :
Demand of labour is _______
Concept: Factors Affecting Price Elasticity of Demand
Choose the correct answer :
Demand of electricity for domestic purpose is _________.
Concept: Factors Affecting Price Elasticity of Demand
Give reasons or explain the following statements
Demand for basic necessities is inelastic.
Concept: Concept of Elasticity of Demand
Write the answer in ‘one’ or ‘two’ paras.
What are the main determinants of aggregate demand?
Concept: Concept of Demand
