CBSE Class 12 Economics Question Paper 2009 (1)

CBSE Class 12 Economics Question Paper 2009 (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

Q1. Give two examples of Microeconomic studies. 

Q2. When is the demand of a commodity said to be inelastic? 

Q3. Define fixed cost. 

Q4. What causes a downward movement along a supply curve? 

Q5. Define monopoly?

Q6. Why does an economic problem arise? Explain. 

Q7. Distinguish between a normal good and an inferior good. Give example in each case. 

Q8. How is the price elasticity of demand of a commodity affected by the number of its substitutes?Explain. 

Q9. Explain the meaning of ‘increase in supply’ and increase in quantity supplied’ with the help of a schedule. 

Q10.Why is a firm under Perfect Competition a price – taker? Explain.

Q11.Commodities X and Y have equal elasticity of supply.The supply of X rises from 400 units 500 units due to a 20 percent rise in price. Calculate the percentage fall in supply of Y if its price falls by 8 percent.

Q12.Giving reasons, state whether the following statements are true or false: 

        (i) When there are diminishing returns to a factor, total product always decreases.

        (ii) Total product will increase only when marginal product increases.

        (iii)When marginal revenue is zero, average revenue will be constant.

Q13. With the help of a diagram explain the effect of “decrease” in demand of a commodity on its equilibrium price and quantity.   

Please click the link below to download pdf file of CBSE Class 12 Economics Question Paper 2009 (1).