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

What is meant by the contraction in demand?

What is meant by an increase in demand?

Distinguish between regressive tax and degressive tax.

Explain any three duties of a consumer.

If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.

If the rate of tax falls with an increase in income, it is called as ______.

As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:

With the help of a graph explain the increase in demand concept.

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.