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NCERT Solutions for Class 12 Economics - Introductory Microeconomics

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Solutions for Introductory Microeconomics - Textbook in Economics for Class 12

Shaalaa provides NCERT Solutions for Class 12 Economics and has all the answers for the questions given in Introductory Microeconomics - Textbook in Economics for Class 12. Shaalaa is surely a site that most of your classmates are using to perform in exams.

You can solve Introductory Microeconomics - Textbook in Economics for Class 12 and use Shaalaa NCERT Solutions for Class 12 Economics to check your answers.

NCERT Solutions for Class 12 Economics - Introductory Microeconomics

Given below is chapter wise list for NCERT Solutions for Class 12 Economics - Introductory Microeconomics. Select any chapter number to view solutions.

NCERT Solutions for Class 12 Economics - Introductory Microeconomics - Shaalaa.com

Chapters covered in NCERT Solutions for Class 12 Economics - Introductory Microeconomics

Chapter 1: Introduction

Shaalaa has a total of 8 questions with solutions for this chapter in Class 12 Economics. Concepts covered in Introduction are A Simple Economy, Central Problems of an Economy, Concept of Opportunity Cost, Concepts of Production Possibility Frontier, Efficient Utilization of Resource, Meaning of Micro and Macro Economics, Positive and Normative Economics, The Centrally Planned Economy, The Market Economy, Types of Economic System - Capitalism, Types of Economic System -socialism, Understanding Economics - Adam Smith (Father of Economic), Understanding Economics - Dr Alfred Marshall, Understanding Economics - Lord Robbins, Understanding Economics - Prof Samuelson, What is an Economy?

Chapter 2: Theory Of Consumer Behaviour

Shaalaa has a total of 29 questions with solutions for this chapter in Class 12 Economics. Concepts covered in Theory Of Consumer Behaviour are Cardinal Approach (Utility Analysis), Change in Demand, Change in Quantity Demand, Conditions of Consumer's Equilibrium Using Marginal Utility Analysis, Consumer's Budget, Consumer'S Equilibrium, Degrees of Elasticity of Demand, Demand, Demand Curve and Its Slope, Demand Schedule, Determinants of Demand, Diminishing Marginal Utility, Elasticity of Demand, Factors Affecting Price Elasticity of Demand, Indifference Curve, Marginal Rate of Substitution (MRS), Market Demand, Meaning of Utility, Measurement of Elasticity of Demand, Movement Along and Shifts in the Demand Curve, Ordinal Approach (Utility Analysis), Preferences of the Consumer, Total Utility and Marginal Utility, Type of Elasticity of Demand

Chapter 3: Production And Costs

Shaalaa has a total of 30 questions with solutions for this chapter in Class 12 Economics. Concepts covered in Production And Costs are Average and Marginal Physical Products, Average Product, Basic Concepts of Cost, Concept of Opportunity Cost, Concept of Producer's Equilibrium, Concept of Production, Concept of Supply, Cost - Average Cost, Cost - Average Fixed Cost, Cost - Average Variable Cost, Cost - Fixed Cost, Cost - Marginal Cost, Cost - Short Run Costs, Costs - Long Run Costs, Cost - Total Cost, Cost - Total Fixed Cost, Cost - Total Variable Cost, Cost -variable Cost, Determinants of Supply, Difference Between Stock and Supply, Law of Variable Proportions, Marginal Product, Market Supply, Meaning of Production Function, Measurement of Price Elasticity of Supply - Geometric Method, Measurement of Price Elasticity of Supply - Percentage-change Method, Movements Along and Shifts in Supply Curve, Production Function - Long-run, Production Function - Short-run, Relation Between Total, Average and Marginal Product, Relationship Between Average Variable Cost and Average Total Cost and Marginal Cost, Returns to a Factor, Returns to Scale, Shapes of Product Curves, Supply Curve and Schedule, The Law of Diminishing Marginal Product, Total, Average and Marginal Cost, Total, Average and Marginal Revenue, Total Product

Chapter 4: The Theory Of The Firm Under Perfect Competition

Shaalaa has a total of 27 questions with solutions for this chapter in Class 12 Economics. Concepts covered in The Theory Of The Firm Under Perfect Competition are Determinants of a Firm’s Supply Curve, Determination of Market Equilibrium, Effects of Shifts in Demand and Supply, Equilibrium Price, Features of Oligopoly, Features of Perfect Competition, Main Market Forms, Market Equilibrium, Market Forms - Imperfect Competition, Market Forms - Imperfect Oligopoly, Market Forms - Perfect Oligopoly, Market Supply Curve, Meaning and Features of Market, Price Ceiling, Price Elasticity of Supply, Price Floor, Profit Maximisation, Revenue, Simple Applications of Demand and Supply

Chapter 5: Market Equilibrium

Shaalaa has a total of 27 questions with solutions for this chapter in Class 12 Economics. Concepts covered in Market Equilibrium are Determinants of a Firm’s Supply Curve, Determination of Market Equilibrium, Effects of Shifts in Demand and Supply, Equilibrium Price, Features of Oligopoly, Features of Perfect Competition, Main Market Forms, Market Equilibrium, Market Forms - Imperfect Competition, Market Forms - Imperfect Oligopoly, Market Forms - Perfect Oligopoly, Market Supply Curve, Meaning and Features of Market, Price Ceiling, Price Elasticity of Supply, Price Floor, Profit Maximisation, Revenue, Simple Applications of Demand and Supply

Chapter 6: Non-Competitive Markets

Shaalaa has a total of 14 questions with solutions for this chapter in Class 12 Economics. Concepts covered in Non-Competitive Markets are Other Non - Perfectly Competitive Markets, Simple Monopoly in the Commodity Market

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NCERT Solutions for Class 12 Economics - Introductory Microeconomics

Class 12 NCERT solutions answers all the questions given in the NCERT textbooks in a step-by-step process. Our Economics tutors have helped us put together this for our Class 12 Students. The solutions on Shaalaa will help you solve all the NCERT Class 12 Economics questions without any problems. Every chapter has been broken down systematically for the students, which gives fast learning and easy retention.

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