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Chapters
2: Consumer's Behavior
▶ 3: Demand Analysis
4: Elasticity of Demand
5: Producer's Behaviour
6: Forms of Market and Price Determination Under Perfect Competition
7: Factors of Production
8: Introduction to Macro Economics
9: National Income
10: Determinants of Aggregates
11: Money
12: Commercial Banking
13: Central Banking
14: Public Economics
![Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 3 - Demand Analysis - Shaalaa.com](/images/economics-english-12-standard-hsc_6:5f2b1b2038084cf381bfa42c826a928c.jpg "Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 3 - Demand Analysis")
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Solutions for Chapter 3: Demand Analysis
Below listed, you can find solutions for Chapter 3 of Maharashtra State Board Micheal Vaz for Economics [English] 12 Standard HSC.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 3 Demand Analysis Exercise 1 [Page 24]
Fill in the blank with appropriate alternatives given below
When price of commodity rises, the demand for it ______________.
rises
contracts
remains constant
becomes negative
Fill in the blank with appropriate alternatives given below:
When less is purchased at the constant price, it is called _______ in demand.
increase
decrease
expansion
contraction
Fill in the blank with appropriate alternatives given below:
When the price of petrol goes up, demand of cars will ___________.
rise
fall
not change
remain unchanged
Fill in the blank with appropriate alternatives given below:
Market demand is an aggregate of purchasing by _________ buyers.
some
all
one
two
Fill in the blank with appropriate alternatives given below:
Indirect demand is also known as _____________ demand.
derived
direct
composite
joint
Match the following:
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Group A
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Group B
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|
1. Demand and price
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a. Substitute goods
|
|
2. Tea and coffee
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b. Inverse relation
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3. Inferior goods
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c. Joint demand
|
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4. Factors of production
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d. Distribution of income
|
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5. Pen and ink
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e. Composite demand
|
|
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f. Giffen goods
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g. Indirect demand
|
State whether the following statement is TRUE and FALSE
Demand curve slopes upward from left to right.
State whether the following statement is TRUE and FALSE
Desire means demand.
State whether the following statement is TRUE and FALSE
When demand increases, the demand curve shifts to the left.
State whether the following statement is TRUE and FALSE
Quantity demanded varies directly with price.
State whether the following statement is TRUE and FALSE
Law of demand is explained by Prof. Robbins.
State whether the following statement is TRUE and FALSE
Individual demand is a demand by single buyer.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 3 Demand Analysis Exercise 2 [Page 24]
Define the following concept:
Demand
Define the following concept:
Demand
Define or explain the following concept:
Increase in demand
Define the following concept:
Derived demand
What is meant by derived demand?
Define or explain the following concept:
Direct demand
Define a market demand schedule.
Explain the following concept:
Market demand schedule
Give reason or explain the following statement.
All desires are not demand.
Give reason or explain the following statement.
Increase in demand indicates a rightward shift in the demand curve.
Give reason or explain the following statement.
Demand curve slopes downward from left to right.
Give reason or explain the following statement.
Demand for factors of production is derived demand.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 3 Demand Analysis Exercise 3 [Page 24]
Distinguish between desire and demand.
Distinguish between:
Increase in demand and Decrease in demand
Distinguish between:
Individual demand and market demand
Distinguish between:
Inferior goods and superior goods
Write short note:
Giffen's paradox
Explain any four types of demand.
Write short note:
Concept of demand
Micheal Vaz solutions for Economics [English] 12 Standard HSC 3 Demand Analysis Exercise 4 [Page 24]
What do you mean by demand?
What are the assumptions of the Law of Demand?
Micheal Vaz solutions for Economics [English] 12 Standard HSC 3 Demand Analysis Exercise 5 [Page 24]
Do you agree with the following statement? Give reason
There are no exceptions to the law of demand.
Do you agree with the following statement? Give reason
Many factors influence the demand for a commodity.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 3 Demand Analysis Exercise 6 [Page 24]
Do you agree with the following statement? Give reason
State and explain the law of demand.
Do you agree with the following statement? Give reason
Explain determinants of market demand.
Solutions for 3: Demand Analysis
Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 3 - Demand Analysis
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Concepts covered in Economics [English] 12 Standard HSC chapter 3 Demand Analysis are Concept of Demand, Demand Curve, Concept of Elasticity of Demand, Changes in Demand, Types of Demand, Factors of Demand, Factors Affecting Price Elasticity of Demand, Determinants of Price Elasticity of Demand, Types of Elasticity of Demand > Income Elasticity, Methods of Measuring Price Elasticity of Demand.
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