CBSE Class 12 Economics On Demand Analysis Worksheet

Read and download free pdf of CBSE Class 12 Economics On Demand Analysis Worksheet. Download printable Economics Class 12 Worksheets in pdf format, CBSE Class 12 Economics On Demand Analysis Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Economics Class 12 Assignments and practice them daily to get better marks in tests and exams for Class 12. Free chapter wise worksheets with answers have been designed by Class 12 teachers as per latest examination pattern

On Demand Analysis Economics Worksheet for Class 12

Class 12 Economics students should refer to the following printable worksheet in Pdf in Class 12. This test paper with questions and solutions for Class 12 Economics will be very useful for tests and exams and help you to score better marks

Class 12 Economics On Demand Analysis Worksheet Pdf

Worksheet on Demand analysis 
 
VERY SHORT ANSWER QUESTIONS (Answer in one sentence each/MCQ)
 
a. Define demand
 
b. State law of demand.
 
c. Demand for good X decreases as price of good Y increases then the two goods are:
A. Absolute necessities
B. complementary good
C. inferior goods
D. Substitute goods
 
d. If a good is absolute necessity, then its price elasticity of demand is:
A. Zero
B. Unitary
C. Infinity
D. Inelastic
e. Draw a relatively inelastic demand.
 
SHORT ANSWER QUESTIONS (3 Marks. Answer in around 60 words)
 
a. State law of demand. Explain with a schedule and diagram.
 
b. Consider two commodities Tea and Coffee. What could be the effect on demand for Tea if price of coffee falls. Explain with reason and suitable diagram.
 
c. Government declares a compulsory festival bonus of Rs.10000/- to all workers working in the country. Explain the likely impact on the demand for refrigerators in the country?
 
d. Distinguish between normal good and inferior good. Use examples.
 
e. Distinguish between complementary good and substitute good with examples.
 
f. Law of demand to holds good only under certain conditions. What are these?
 
SHORT ANSWER QUESTIONS (4 Marks. Answer in around 75 words)
 
a. What does change in demand mean? Explain using diagram.
 
b. What does change in quantity demanded mean? Explain using diagram.
 
c. Define market demand curve. Explain with the help of a diagram.
 
d. Why does demand curve slope down ward? Explain the reasons behind this.
 
LONG ANSWER QUESTIONS (6 Marks. Answer in around 100 words)
 
a. Define price elasticity of demand. State the meaning of five cases of price elasticity of demand with suitable diagram.
b. What are the important factors that influence price elasticity of demand for a good? Explain each
c. Explain the impact of demand for a good when:
 
i. Income of the consumer changes
ii. Price of related good changes
iii. Tate and preference of the consumer changes.


Please click on below link to download CBSE Class 12 Economics On Demand Analysis Worksheet

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On Demand Analysis CBSE Class 12 Economics Worksheet

The above practice worksheet for On Demand Analysis has been designed as per the current syllabus for Class 12 Economics released by CBSE. Students studying in Class 12 can easily download in Pdf format and practice the questions and answers given in the above practice worksheet for Class 12 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 12 Economics students to get all the latest study material free of cost. Teachers of studiestoday have referred to the NCERT book for Class 12 Economics to develop the Economics Class 12 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 12 Economics designed by our teachers. After solving these you should also refer to Class 12 Economics MCQ Test for the same chapter. We have also provided a lot of other Worksheets for Class 12 Economics which you can use to further make yourself better in Economics.

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