ISC (Arts) Class 12 - CISCE Question Bank Solutions for Economics

Figures (A), (B) and (C) given below represent different types of Demand curves.

(A)	(B)	(C)

What kind of goods do each of these Demand curves represent? Give a reason for each of the curves.

Draw a straight-line demand curve joining both the axes. Indicate the following on the demand curve.

Elasticity of demand is equal to zero

Differentiate between the expansion of demand and an increase in demand, using diagrams.

The price of a mobile handset has risen in the market. But the dealers have not been able to increase the supply proportionately.

What will be the price elasticity of supply for the mobile handset? Draw the supply curve to indicate the type of elasticity.

Define marginal utility. 

Utility maximising consumers would like to decrease the consumption when ______.