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Chapters
Chapter 2: Consumer's Behavior
Chapter 3: Demand Analysis
Chapter 4: Elasticity of Demand
Chapter 5: Producer's Behaviour
Chapter 6: Forms of Market and Price Determination Under Perfect Competition
Chapter 7: Factors of Production
Chapter 8: Introduction to Macro Economics
Chapter 9: National Income
Chapter 10: Determinants of Aggregates
Chapter 11: Money
Chapter 12: Commercial Banking
Chapter 13: Central Banking
Chapter 14: Public Economics
Chapter 4: Elasticity of Demand
Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 4 Elasticity of Demand Exercise [Pages 31 - 32]
Fill in the blank with appropriate alternatives given below:
The demand for salt is _______________.
elasticity
inelastic
infinite elastic
unitary elastic
Fill in the blank with appropriate alternatives given below:
Income elasticity of demand for inferior goods is __________.
positive
negative
zero
greater than one
Fill in the blank with appropriate alternatives given below:
Perfectly elastic demand curve is ________________.
horizontal to OX axis
horizontal to OY axis
flatter
steeper
Fill in the blank with appropriate alternatives given below:
Cross elasticity of demand is applicable to ____________ goods.
unrelated
substitute
inferior
natural
Fill in the blank with appropriate alternatives given below:
The slope of demand curve is _______________ in case of inelastic demand.
flatter
steeper
horizontal
vertical
Match the following:
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Group A
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Group B
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|
1. Cars and petrol
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a. Elastic demand
|
|
2. Point method
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b. Complementary
|
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3. Necessary goods
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c. Geometric method
|
|
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d. Inelastic demand
|
State whether the following statement is TRUE and FALSE.
Demand for luxuries is elastic.
State whether the following statement is TRUE and FALSE.
Perfectly inelastic demand curve is parallel to the X axis.
State whether the following statement is TRUE and FALSE.
Total outlay is price multiplied by quantity.
State whether the following statement is TRUE and FALSE.
Unitary Elastic Demand rarely occurs in practice.
State whether the following statement is TRUE and FALSE.
Concept of Elasticity of Demand is useful for finance minister.
Answer the detail :
What are the types of Price Elasticity of Demand?
Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 4 Elasticity of Demand Exercise [Pages 31 - 313]
Define or explain the following concept:
Cross Elasticity of Demand
Define or explain the following concept:
Unitary Elastic Demand
Define or explain the following concept:
Income Elasticity of Demand
Define or explain the following concept:
Elastic Demand
Give reason or explain the following statement:
Demand for necessaries is inelastic.
Give reason or explain the following statement:
Demand for habitual goods is inelastic.
Give reason or explain the following statement:
Concept of Elasticity of Demand helps trade union leaders.
Give reason or explain the following statement:
Demand for commodity having multiple uses has elastic demand.
Give reason or explain the following statement:
Demand for goods having snob appeal has elastic demand.
Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 4 Elasticity of Demand Exercise [Page 32]
Distinguish between Perfectly elastic demand and perfectly inelastic demand.
Distinguish between Relatively elastic demand and relatively inelastic demand.
Write short note on:
Geometric method
Write short note on:
Ratio method
Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 4 Elasticity of Demand Exercise [Page 32]
Answer the following question :
Explain the concept of Elasticity of Demand
Answer the following question :
Explain the importance of concept of Elasticity of Demand for international trade.
Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 4 Elasticity of Demand Exercise [Page 32]
State with reason whether you agree or disagree with the following statement.
Various factors influence Elasticity of Demand
State with reason whether you agree or disagree with the following statement.
Total outlay method is one of the methods of measuring Elasticity of Demand.
Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 4 Elasticity of Demand Exercise [Page 32]
Answer the detail :
Explain Ratio method and Geometric method of measuring Elasticity of Demand.
Answer the detail :
What are the types of Price Elasticity of Demand?
Chapter 4: Elasticity of Demand
Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board chapter 4 - Elasticity of Demand
Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board chapter 4 (Elasticity of Demand) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Economics HSC 12th Standard Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.
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Concepts covered in Economics HSC 12th Standard Maharashtra State Board chapter 4 Elasticity of Demand are Demand, Demand Curve and Its Slope, Change in Demand, Type of Elasticity of Demand, Elasticity of Demand, Measurement of Elasticity of Demand, Types of Demand, Factors of Demand, Factors Affecting Price Elasticity of Demand, Importance of Price Elasticity of Demand.
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