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11th Standard English Medium Economics Subject Consumption Analysis Creative 3 Mark Questions with Solution Part - II updated Creative Questions Question Bank Software May-13 , 2022

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11th Standard English Medium Economics Subject Consumption Analysis Creative 3 Mark Questions with Solution Part - II updated Creative Questions

11th Standard English Medium Economics Subject Consumption Analysis Creative 3 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 15

    3 Marks

    5 x 3 = 15

  1. What will be the nature of demand curve for the exceptions to the law of demand? Explain with the help of a diagram.

  2. Explain the importance or the application of the Law of Diminishing Marginal Utility.

  3. When does a shift in the demand curve occur? Explain the shift in the demand curve with the help of a diagram.

  4. Explain ordinal utility approach.

  5. What are the importance of elasticity of demand?

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