CBSE Class 12 Economics Foriegn Question Paper 2013 (2)

CBSE Class 12 Economics Foriegn Question Paper 2013 (2). Students can download the last year question papers using the link below. Free download of examination question papers with solutions.Last 10 year question papers should be practised to get better marks in examinations.

1. Answer the following questions :

(i) State one characteristic of a perfectly competitive market.

(ii) Define supply.

(iii) Define total revenue.

(iv) What is the price elasticity of a supply curve passing through the origin and making an angle of 60° with OX-axis ?

2. When is a good called (a) a normal good, and (b) an inferior good ? 

3. State any three causes of a decrease in the supply of a commodity. 

4. State three main features of monopolistic competition. 

5. What is the relationship between marginal cost and average cost ?

6. At a price of Rs. 40 per unit, the quantity supplied of a commodity is 400 units. When its price falls by 10 percent, its quantity supplied falls by 36 units. Calculate its elasticity of supply. Is its supply elastic ? Give reasons for your answer.

7. Define price elasticity of demand. Explain any three factors that affect it. 

Please click the link below to download pdf file of CBSE Class 12 Economics Foriegn Question Paper 2013 (2).