CBSE Class 12 Economics Question Paper 2014 Set 2 - Foreign

CBSE Class 12 Economics Question Paper 2014 Set 2 - Foreign CBSE,CCE and NCERT students can refer to the attached file. All educational material on the website has been prepared by the best teachers having more than 20 years of teaching experience in various schools. The study material available on our website for all CBSE classes and subjects have been prepared by teachers from all over the country. All study material has been carefully designed keeping into mind the latest CBSE examination trends.  

ECONOMICS

1.What is meant by collusive oligopoly ?

2.Define production function.

3.Define supply.

4.Large number of technical training institutions have been started by the government. State its economic value in the context of production possibilities frontier.

5.When is demand called perfectly inelastic ?

6.How does change in per unit tax influence the supply of a good by a firm ? Explain.

7.Why is a production possibilities curve downward sloping ? Explain.

8.Price elasticity of demand of a good is (–) 1. Calculate the percentage change in price that will raise the demand from 20 units to 30 units.

Please refer to the link below for CBSE Class 12 Economics Question Paper 2014 Set 2 - Foreign