Consumption Analysis Two Marks Question

11th Standard

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Economics

Time : 00:45:00 Hrs
Total Marks : 30
    15 x 2 = 30
  1. Define utility.

  2. Mention the classification of wants.

  3. Name the basic approaches to consumer behaviour.

  4. State the meaning of indifference curves

  5. Write the formula of consumers surplus?

  6. What are Giffen goods? Why?

  7. Define budget line.

  8. What do you mean by indifference map?

  9. What are the degrees of price elasticity of demand?

  10. What is consumption?

  11. Define Price line?

  12. Define consumption.

  13. State the Criticism made on 'Consumer's Surplus'.

  14. What is 'Demand according to Stonier and Hague.

  15. Define Marginal Rate of Substitution.

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