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Find the odd word out:
Types of budget:
Concept: Types of Budget
Demand for necessaries is................
(elastic / inelastic / infinitely elastic / unitary elastic)
Concept: Concept of Demand
| Group 'A' | Group 'B' | ||
| a. | Pen and ink | 1 | Quantity-price |
| b. | Revenue | 2 | Accident |
| c. | Insurable risk | 3 | Transfer income |
| d. | Unemployment allowance | 4 | Short period |
| e. | Reverse repo rate | 5 | Long period |
| 6 | Change in demand | ||
| 7 | Joint demand | ||
| 8 | Quantity * price |
Concept: Concept of Demand
Distinguish between Individual demand and Market demand.
Concept: Types of Demand
Concept: Demand Curve
Demand for electricity is elastic.
Concept: Concept of Demand
Distinguish between the following:
Direct demand and Indirect demand.
Concept: Types of Demand
Fill in the blank using proper alternative given in the bracket:
Market demand is a total demand of...............buyers.
Concept: Demand Curve
Fill in the blank using proper alternative given in the bracket:
Perfectly inelastic demand curve is.....................................................
Concept: Concept of Demand
State whether the following statement is True or False :
Demand for necessary goods is inelastic.
Concept: Concept of Demand
State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement:
There are no exceptions to the law of Demand.
Concept: Concept of Demand
Fill in the blank with proper alternatives given in the bracket:
Indirect demand is also known as _______ demand.
Concept: Concept of Demand
State whether the following statement is true or false.
Perfectly inelastic demand curve is parallel to ‘X’ axis.
Concept: Concept of Demand
Define or explain the following concept.
Market Demand .
Concept: Demand Curve
Write short answer for the following question.
Explain the Law of Demand.
Concept: Concept of Demand
Fill in the blank using proper alternatives given in the bracket:
Demand for salt is ...............
Concept: Concept of Demand
Fill in the blanks using proper alternatives given in the brackets.
Demand for car and petrol is ____________ de
Concept: Concept of Demand
Define or explain the following concepts (Any THREE):
Individual demand
Concept: Types 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
