(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Economics

In the context of the sudden increase in consumer groups in India due to heightened awareness and instances of exploitation by private traders, what are the key duties and responsibilities that consumers should be mindful of to actively contribute to the consumer movement in the country?

Differentiate between extension and contraction of demand.

What does a downward movement along the same demand curve indicate?

What does an upward movement along the same demand curve indicate?

When the demand curve of a product shifts to the right, it represents a situation of ______.

What is an expansion of demand?

Define decrease in demand.

Explain the following diagram:

Give two reasons for the shift of the demand curve towards the left.

In order to encourage tourism in Goa, Government of India suggests Indian Airlines to reduce air fares to Goa from four major cities: Chennai, Kolkata, Mumbai and New Delhi. If the Indian Airlines reduces the air fare to Goa, how will this affect the market demand curve for air travel to Goa?

There are train and bus services between New Delhi and Jaipur. Suppose the train fare between the two cities comes down. How will this affect the demand curve for bus travel between the two cities?

With the help of a suitable diagram, distinguish between a change in quantity demanded and a change in demand.

Distinguish between “movement along the demand curve” and shift of a demand curve.

What is meant by an increase in demand?

Define contraction of demand (or decrease in quantity demanded).

What causes an upward movement along a demand curve?

What causes a downward movement along a demand curve?

What does a rightward shift of demand curve indicate?

The following table shows a change in the demand. Read the table carefully and answer the question that follows:

What type of change is it, decrease in demand or contraction in demand? Give a reason.

With the help of a suitable diagram, explain expansion in demand.