Read and download free pdf of CBSE Class 12 Economics Market Equilibrium Worksheet. Download printable Economics Class 11 Worksheets in pdf format, CBSE Class 11 Economics Part A Microeconomics Chapter 5 Market Equilibrium Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Economics Class 11 Assignments and practice them daily to get better marks in tests and exams for Class 11. Free chapter wise worksheets with answers have been designed by Class 11 teachers as per latest examination pattern
Part A Microeconomics Chapter 5 Market Equilibrium Economics Worksheet for Class 11
Class 11 Economics students should refer to the following printable worksheet in Pdf in Class 11. This test paper with questions and solutions for Class 11 Economics will be very useful for tests and exams and help you to score better marks
Class 11 Economics Part A Microeconomics Chapter 5 Market Equilibrium Worksheet Pdf
MARKET EQUILIBRIUM
I. Answer in one sentence each
1. What does a firm’s supply curve tell us?
2. Define equilibrium quantity
3. When supply increases more than the increase in demand?
A. Price rises but quantity falls B. Price and quantity rises.
C. Price falls but quantity increases D. Both price and quantity falls.
4. What does excess demand mean in microeconomics?
5. Whom does the government intend to help by means of support price?
A. Producers B. Consumers C. Both producers and consumers
D. Distributors
II. Answer in around 60 words each
6. Define price ceiling. Explain using diagram. What are its consequences?
7. What are the major causes of shift in demand?
8. Explain the effect on market for a good for a given change in supply if demand curve of the product is perfectly inelastic.
9. Explain the effect of shift in demand curve to right on equilibrium price and quantity.
10. Explain the effect on market for tea if price of coffee rises.
III. Answer in around 75 words each
11. Suppose demand and supply functions are given as:-
QD = 700—P
QS == 500+3P
What could be equilibrium price and quantity?
If supply function of one firm is Qfs = 15+P and all the firms are having identical supply functions, find out the total number of firms in the market
12. Explain the consequence of increasing excise duty on a good by the government on its market price and quantity exchanged.
13. What happens to equilibrium price and quantity when demand curve shifts provided supply is perfectly inelastic?
IV. Answer in around 100 words each
14. Define equilibrium price. How is it determined in a market? Use a schedule and diagram in support of your answer.
15. What does price floor means? When does government use this measure? What are its consequences?
16. Explain the effect on market for cars if:
a. Price of steel increases.
b. Price of petrol falls.
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Part A Microeconomics Chapter 5 Market Equilibrium CBSE Class 11 Economics Worksheet
The above practice worksheet for Part A Microeconomics Chapter 5 Market Equilibrium has been designed as per the current syllabus for Class 11 Economics released by CBSE. Students studying in Class 11 can easily download in Pdf format and practice the questions and answers given in the above practice worksheet for Class 11 Economics on a daily basis. All the latest practice worksheets with solutions have been developed for Economics by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their examinations. Studiestoday is the best portal for Printable Worksheets for Class 11 Economics students to get all the latest study material free of cost. Teachers of studiestoday have referred to the NCERT book for Class 11 Economics to develop the Economics Class 11 worksheet. After solving the questions given in the practice sheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 11 Economics designed by our teachers. After solving these you should also refer to Class 11 Economics MCQ Test for the same chapter. We have also provided a lot of other Worksheets for Class 11 Economics which you can use to further make yourself better in Economics.
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