HSC Commerce (English Medium) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Economics

Income elasticity of demand for inferior goods is negative.

Income elasticity of demand for inferior goods is negative.

Demand for the commodity having multiple uses has elastic demand.

The law of equi-marginal utility is based on certain assumptions.

Explain the factors determining the elasticity of demand.

Explain any 'two methods' of measuring price elasticity of demand.

Write short notes on the Proportional method of measuring the elasticity of demand.

Give reason or explain the following statement:

Micro economics is also known as price theory.

Explain with reason whether you 'agree' or 'disagree' with the following statement:

Law of diminishing marginal utility depends upon various assumptions.

Explain with reason whether you 'agree' or 'disagree' with the following statement:

Overdraft facility is not provided to the current account holders.

Define or explain the following concept.

Unitary elastic demand.

Write a short note on factors determining elasticity of demand.

Write short note on :

Giffen's paradox.

State and explain in detail the Law of Diminishing Marginal Utility  ?

State whether the following statement is True or False :

Concept of elasticity of demand is useful for finance minister.

What is the elasticity of demand?

Write whether the following statement is True or False:

Price theory is the base of micro economic analysis.

State whether the following statement isTrue or False with reason:                            

The concept of elasticity of demand is useful in economic theory.

Write explanatory note.

Government expenditure.

 The law of equi-marginal utility is based on the law of _________.