Tamil Nadu Board of Secondary EducationHSC Arts Class 11th

# Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 2 - Consumption Analysis [Latest edition]

## Chapter 2: Consumption Analysis

Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D
Model Questions - Part A [Pages 50 - 51]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 2 Consumption Analysis Model Questions - Part A [Pages 50 - 51]

#### Multiple Choice Questions

Model Questions - Part A | Q 1 | Page 50

Pick the odd one out

• Luxuries

• Comforts

• Necessaries

• Agricultural goods

Model Questions - Part A | Q 2 | Page 50

Choice is always constrained or limited by the _____ of our resources.

• Scarcity

• Supply

• Demand

• Abundance

Model Questions - Part A | Q 3 | Page 50

The chief exponent of the Cardinal utility approach was

• J.R.Hicks

• R.G.D.Allen

• Marshall

• Stigler

Model Questions - Part A | Q 4 | Page 50

Marginal Utility is measured by using the formula of

• TUn-TUn-1

• TUn-TUn+1

• TUn+TUn+1

• TUn-TUn+1

Model Questions - Part A | Q 5 | Page 50

When marginal utility reaches zero, the total utility will be

• Minimum

• Maximum

• Zero

• Negative

Model Questions - Part A | Q 6 | Page 50

Gossen’s first law is known as.

• Law of equi-marginal utility.

• Law of diminishing marginal utility

• Law of demand.

• Law of Diminishing returns.

Model Questions - Part A | Q 7 | Page 50

The basis for the law of demand is related to

• Law of diminishing marginal utility

• Law of supply

• Law of Equi-marginal utility.

• Gossen’s Law.

Model Questions - Part A | Q 8 | Page 50

The concept of consumer’s surplus is associated with

• Marshall

• Robbins

• Ricardo

Model Questions - Part A | Q 9 | Page 50

Given potential price is Rs.250 and the actual price is Rs.200. Find the consumer surplus.

• 375

• 175

• 200

• 50

Model Questions - Part A | Q 10 | Page 50

Indifference curve approach is based on

• Ordinal approach

• Ordinal approach

• Subjective approach

• Psychological approach

Model Questions - Part A | Q 11 | Page 50

The concept of elasticity of demand was introduced by

• Ferguson

• Keynes

• Marshall

Model Questions - Part A | Q 12 | Page 50

Increase in demand is caused by

• Increase in tax

• Higher subsidy

• Increase in interest rate

• decline in population

Model Questions - Part A | Q 13 | Page 51

The movement on or along the given demand curve is known as ______

• Extension and contraction of demand

• shifts in the demand

• increase and decrease in demand

• all the above

Model Questions - Part A | Q 14 | Page 51

In case of relatively more elastic demand, the shape of the curve is

• Horizontal

• Vertical

• Steeper

• Flatter

Model Questions - Part A | Q 15 | Page 51

A consumer is in equilibrium when marginal utilities from two goods are

• Minimum

• Inverse

• Equal

• Increasing

Model Questions - Part A | Q 16 | Page 51

Indifference curve was first introduced by

• Hicks

• Allen

• Keynes

• Edgeworth

Model Questions - Part A | Q 17 | Page 51

Elasticity of demand is equal to one indicates

• Unitary Elastic Demand

• Perfectly Elastic Demand

• Perfectly Inelastic Demand

• Relatively Elastic Demand

Model Questions - Part A | Q 18 | Page 51

The locus of the points which gives same level of satisfaction is associated with

• Indifference Curves

• Cardinal Analysis

• Law of Demand

• Law of Supply

Model Questions - Part A | Q 19 | Page 51

Ordinal Utility can be measured by

• Ranking

• Numbering

• Wording

• None of these

Model Questions - Part A | Q 20 | Page 51

The indifference curve are

• vertical

• horizontal

• positive sloped

• Negatively sloped

Model Questions - Part B [Page 52]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 2 Consumption Analysis Model Questions - Part B [Page 52]

#### Answer the following questions in one or two sentences

Model Questions - Part B | Q 21 | Page 52

Define Utility.

Model Questions - Part B | Q 22 | Page 52

Mention the classifications of wants.

Model Questions - Part B | Q 23 | Page 52

Name the basic approaches to consumer behaviour.

Model Questions - Part B | Q 24 | Page 52

What are the degrees of price elasticity of Demand?

Model Questions - Part B | Q 25 | Page 52

State the meaning of indifference curves.

Model Questions - Part B | Q 26 | Page 52

Write the formula of consumers surplus.

Model Questions - Part B | Q 27 | Page 52

What are Giffen goods? Why it is called like that?

Model Questions - Part C [Page 52]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 2 Consumption Analysis Model Questions - Part C [Page 52]

#### Answer the following questions in one paragraph

Model Questions - Part C | Q 28 | Page 52

Describe the feature of human wants.

Model Questions - Part C | Q 29 | Page 52

Mention the relationship between marginal utility and total utility.

Model Questions - Part C | Q 30 | Page 52

Explain the concept of consumer's equilibrium with a diagram.

Model Questions - Part C | Q 31 | Page 52

Explain the theory of “consumer’s surplus”.

Model Questions - Part C | Q 32 | Page 52

Distinguish between extension and contraction of demand.

Model Questions - Part C | Q 33 | Page 52

What are the properties of indifference curves?

Model Questions - Part C | Q 34 | Page 52

Briefly explain the concept of consumer’s equilibrium.

Model Questions - Part D [Page 52]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 2 Consumption Analysis Model Questions - Part D [Page 52]

Model Questions - Part D | Q 35 | Page 52

Explain the law of demand and its exceptions.

Model Questions - Part D | Q 36 | Page 52

Elucidate the law of diminishing marginal utility with diagram.

Model Questions - Part D | Q 37 | Page 52

Explain the law of Equi-marginal utility.

Model Questions - Part D | Q 38 | Page 52

What are the methods of measuring Elasticity of demand?

## Chapter 2: Consumption Analysis

Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D

## Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 2 - Consumption Analysis

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 2 (Consumption Analysis) 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 Tamil Nadu Board of Secondary Education Class 11th Economics Answers Guide solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Class 11th Economics Answers Guide chapter 2 Consumption Analysis are Consumption Analysis, Human Wants, Characteristics of Human Wants, Classification of Goods, Cardinal Utility Analysis, The Law of Equi-marginal Utility, Consumerâ€™s Surplus, Law of Demand, Elasticity of Demand, Ordinal Analysis (or) Ordinal Utility Approach (or) Hicks and Allen Approach (or) Indifference Curve Analysis, Indifference Curve, Indifference Map, Diminishing Marginal Rate of Substitution, Properties of Indifference Curve, Price Line Or Budget Line, Consumer Equilibrium.

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