Please refer to CBSE Class 12 Economics HOTs Consumers Equilibrium And Demand. Download HOTS questions and answers for Class 12 Economics. Read CBSE Class 12 Economics HOTs for Part A Microeconomics Chapter 2 Theory of Consumer Behaviour below and download in pdf. High Order Thinking Skills questions come in exams for Economics in Class 12 and if prepared properly can help you to score more marks. You can refer to more chapter wise Class 12 Economics HOTS Questions with solutions and also get latest topic wise important study material as per NCERT book for Class 12 Economics and all other subjects for free on Studiestoday designed as per latest CBSE, NCERT and KVS syllabus and pattern for Class 12
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour Class 12 Economics HOTS
Class 12 Economics students should refer to the following high order thinking skills questions with answers for Part A Microeconomics Chapter 2 Theory of Consumer Behaviour in Class 12. These HOTS questions with answers for Class 12 Economics will come in exams and help you to score good marks
HOTS Questions Part A Microeconomics Chapter 2 Theory of Consumer Behaviour Class 12 Economics with Answers
Question. How does availability of substitute good affect the elasticity of demand?
Answer. The demand of a good becomes elastic if its substitute good is available in the market.
Question. Demand of good ‘X’ falls due to increase in the income of the consumer what type of good ‘X’ is?
Answer. Good ‘X’ is an inferior good.
Question. What will be the impact on demand of the good due to increase in price of the substitute good?
Answer. The demand of the good will increase.
Question. A rise in price of a good results in a decrease in expenditure of it. Is its demand elastic or inelastic?
Answer. Elastic.
Answer. The set of bundles available to the consumer with his given income at prevailing market price is called the budget set.
Question. What is meant by market demand?
Answer. Market demand is the sum of total demand of all the consumers in the market at a particular time and at a given price.
Question. Define demand schedule.
Answer. Demand schedule is a tabular representation which represent different quantities of the commodity demanded at different prices.
Question. Give two examples of normal goods & inferior goods.
Answer. Normal goods – Rice, Wheat
Inferior goods – coarse grain, coarse cloth.
Answer. Consumer purchases up to the point where marginal utility is equal to the price (MU=P). So long as marginal utility is greater than price, he keeps on purchasing. As he makes purchases MU falls and at a particular quantity of the good MU becomes equal to price. Consumer purchases up to this point.
Answer. 1. Nature of Commodity : Necessaries like Salt, Kerosene oil etc. have inelastic demand and luxuries have elastic demand.
2. Availability of substitutes : Demand for goods which have close substitutes is relatively more elastic and goods without close substitutes have less elastic demand.
3. Different uses : Commodities that can be put to different use have elastic demand for instance electricity has different uses.
4. Habit of the consumer : Goods to which consumers become habitual will have inelastic demand.
Examples – Liquor and Cigarette.
| CBSE Class 12 Economics HOTs Introduction |
| CBSE Class 12 Economics HOTs Production and Costs |
| CBSE Class 12 Economics HOTs Producer Behaviour and Supply (Hindi) |
| CBSE Class 12 Economics HOTs Producer Behavoiur And Supply |
| CBSE Class 12 Economics HOTs The Theory of the Firm under Perfect Competition |
| CBSE Class 12 Economics HOTs Market Equilibrium |
| CBSE Class 12 Economics HOTs Non Competitive Markets |
| CBSE Class 12 Economics HOTs Economics Forms of Market and Price Determination |
| CBSE Class 12 Economics HOTs Money And Banking |
| CBSE Class 12 Economics HOTs Money and Banking (Hindi) |
| CBSE Class 12 Economics HOTs Determination of Income and Employment |
| CBSE Class 12 Economics HOTs Determination of Income and Employment (Hindi) |
| CBSE Class 12 Economics HOTs National Income And Related Aggregates |
| CBSE Class 12 Economics HOTs Government Budget the Economy |
| CBSE Class 12 Economics HOTs Government Budget the Economy (Hindi) |
| CBSE Class 12 Economics HOTs for Balance of Payment |
HOTS for Part A Microeconomics Chapter 2 Theory of Consumer Behaviour Economics Class 12
Expert teachers of studiestoday have referred to NCERT book for Class 12 Economics to develop the Economics Class 12 HOTS. If you download HOTS with answers for the above chapter you will get higher and better marks in Class 12 test and exams in the current year as you will be able to have stronger understanding of all concepts. High Order Thinking Skills questions practice of Economics and its study material will help students to have stronger understanding of all concepts and also make them expert on all critical topics. You can easily download and save all HOTS for Class 12 Economics also from www.studiestoday.com without paying anything in Pdf format. After solving the questions given in the HOTS which have been developed as per latest course books also refer to the NCERT solutions for Class 12 Economics designed by our teachers. We have also provided lot of MCQ questions for Class 12 Economics in the HOTS so that you can solve questions relating to all topics given in each chapter. After solving these you should also refer to Class 12 Economics MCQ Test for the same chapter
You can download the CBSE HOTS for Class 12 Economics Part A Microeconomics Chapter 2 Theory of Consumer Behaviour for latest session from StudiesToday.com
Yes, the HOTS issued by CBSE for Class 12 Economics Part A Microeconomics Chapter 2 Theory of Consumer Behaviour have been made available here for latest academic session
HOTS stands for "Higher Order Thinking Skills" in Part A Microeconomics Chapter 2 Theory of Consumer Behaviour Class 12 Economics. It refers to questions that require critical thinking, analysis, and application of knowledge
Regular revision of HOTS given on studiestoday for Class 12 subject Economics Part A Microeconomics Chapter 2 Theory of Consumer Behaviour can help you to score better marks in exams
Yes, HOTS questions are important for Part A Microeconomics Chapter 2 Theory of Consumer Behaviour Class 12 Economics exams as it helps to assess your ability to think critically, apply concepts, and display understanding of the subject.