CBSE Class 12 Economics Question Paper 2006 (1)

CBSE Class 12 Economics Question Paper 2006 (1).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. 

SECTION-A

Q. 1. Answer the following questions:

      i. When is a good called an ‘inferior good’?

      ii. Define marginal cost.

      iii. When is the supply of a commodity called ‘elastic’?

      iv. Define marginal physical product.

Q. 2. What is meant by consumer’s equilibrium? State its condition in case of a single commodity. 

Q. 3. State the ‘total expenditure method’ of measuring price elasticity of demand. 

Q. 4. What is meant by returns to a factor ? State the law of diminishing returns to a factor. 

Q. 5. State any three causes of a rightward shift of supply curve. 

Q. 6. The price elasticity of supply of a commodity is 2.When its price falls from Rs. 10 to Rs. 8 per unit, its quantity supplied falls by 500 units. Calculate the quantity supplied at the reduced price. 

Q. 7. What change in total revenue will result in

        i. a decrease in marginal revenue, and

        ii. an increase in marginal revenue? 

Q. 8. Explain the problem of ‘what to produce’ with the help of an example.

Q. 9.Why is the average revenue curve of a firm under perfect competition parallel to x and negatively sloped under monopoly?

Please click the link below to download pdf file of CBSE Class 12 Economics Question Paper 2006 (1).