HSC Science (Electronics) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Economics

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.

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 _________. 

Give reasons or explain the following statements  

 Demand for basic necessities is inelastic. 

State whether the following statements are TRUE or FALSE :  

The demand of foodgrains is inelastic. 

What is meant by Perfect competition?

Fill in the blanks with appropriate alternatives given in the bracket.  

 If the price of the inferior goods falls, the demand for them will ________.