12th Standard CBSE Syllabus & Materials
12th Standard CBSE
CBSE 12th Economics Government Budget and the Economy Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Interface Python with MySQL - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Database Concept - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Data Communication - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Data Structures - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Computer Science Functions - New Previous year Question Papers Study Material - QB365 Set A
Published on: 09/09/2022
QB365 provides a detailed and simple solution for every Possible Case Study Questions in Class 12th Economics Subject - Theory of Consumer Behaviour, CBSE. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download CBSE Class 12th Standard CBSE undefined question papers, sample papers, important questions, and previous year solved papers in PDF format. Get free study materials, NCERT solutions, and exam preparation resources for Class 12th Standard CBSE undefined
Questions + Answers key
Take MCQ Biology Test
1.
The quantity of a commodity that a consumer is willing to buy and is able to afford, given prices of other goods and consumer's income and his tastes and preferences is called' demand' for the commodity. The relation between the consumer's optimal choice of the quantity of a good and its price is very important and this relation is called the 'Demand function'.
The demand function can also be represented graphically as the 'demand curve'. The demand curve is a relation between the quantity of the good chosen by a consumer and the price of the good. It gives the quantity demanded of the given good by the consumer at each price.
The slope of the demand curve measures the rate at which quantity demanded changes w.r.t. its price. It is estimated as \(-\frac{\Delta p}{\Delta \boldsymbol{q}}\). Slope is the rate at which demand curve slopes downwards.
(a) Elaborate the concept of "Demand function".
(b) What do you understand by the 'Slope of the demand curve'?
(c) What does the negative (-) sign in the above formula indicate?
1.
(a) The relation between the consumer's optimal choice of the quantity of a good and its price is very important. This relation is known as the "Demand function".
The demand function can also be represented graphically as the 'demand curve', which gives the quantity demanded of the given good by the consumer at each price.
(b) The slope of the demand curve measures the rate at which quantity demanded of a good changes w.r.t. its price. It is estimated as \(-\frac{\Delta p}{\Delta \boldsymbol{q}}\) . Slope is the rate at which demand curve slopes downwards.
(c) Negative sign indicates inverse relationship between the price and the quantity demanded of the given good.
12th Standard CBSE Syllabus & Materials
12th Standard CBSE
CBSE 12th Computer Science Python Revision Tour I - New Previous year Question Papers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Planning Important Questions And Answers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Business Environment Important Questions And Answers Study Material - QB365 Set A
NEW12th Standard CBSE
CBSE 12th Business Studies Principles of Management Important Questions And Answers Study Material - QB365 Set A
CBSE 12th Standard CBSE Subjects
CBSE Standards
