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CBSE Notes 2011-2012 » XII-Economics

PRICE ELASTICITY OF DEMAND

Define price elasticity of demand. [AI 2004; NCERT]

Short answer question

Define price elasticity of demand. [AI 2004; NCERT]

What is elastic demand ? Or ...

Short answer question

What is elastic demand ?
Or When is demand for the commodity called elastic ? [AI 2007C, 09C;Foreign 2009]

What do you mean by substitutes ? Give examples of two goods which are substitutes of each other. [N...

Short answer question

What do you mean by substitutes ? Give examples of two goods which are substitutes of each other. [NCERT]

What do you mean by complements ? Give examples of two goods which are complements to each other.

Short answer question

What do you mean by complements ? Give examples of two goods which are complements to each other.

When is a good called an inferior good ? [Delhi 2006, 08C; AI 2009] Or ...

Short answer question

When is a good called an inferior good ? [Delhi 2006, 08C; AI 2009]
Or What do you mean by an inferior good ? Give some examples. [NCERT]

What are normal goods ? Give some examples. [NCERT] or ...

Short answer question

What are normal goods ? Give some examples. [NCERT]
or When is a good called a normal good ?

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