Home works and Assignments Online

Home » Class XII (S-II) » Economics XII

Economics XII

Date of submission: 5 June 2015

Shift-II

1. Distinguish between market economy and planned economy.

2. What are the central problems of an economy?

3. Define the following: i) Consumer’s Equilibrium.

ii) Utility.

iii) Budget Line.

iv) Marginal Utility.

4. What is diminishing marginal utility? Explain with schedule and diagram.

5. What is indifference curve? Write four features of indifference curve.

6. What is budget line? When does budget line shift?

7. What is demand? Name and explain 9 different types of demand.

8. Which are the exceptions to the law of demand?

9. Distinguish between: i) Normal goods and Inferior goods

ii) Extension of demand and Increase in demand.

iii) Contraction of demand and Decrease in demand.

10. Which are the factors affecting demand?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: