CBSE Class 12 Economics Question Paper 2016 Set 03

CBSE Class 12 Economics Question Paper 2016 Set 3. The 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.

Economics 

1.Differentiated products is a characteristic of : (Choose the correct alternative) :

(a)   Monopolistic competition only

(b)  Oligopoly only

(c)   Both monopolistic competition and oligopoly

(d)   Monopoly

2.Demand curve of a firm is perfectly elastic under : (Choose the correct alternative)

(a) Perfect competition

(b) Monopoly

(c) Monopolistic competition

(d) Oligopoly

3.What happens to the difference   etween Total Cost and Total Varia  le Cost as output is increased ?

4.A firm is a  le to sell any quantity of a good at a given price. The firm's marginal revenue will   (Choose the correct alternative) :

(a) Greater than Average Revenue

(b) Less than Average Revenue 

(c) Equal to Average Revenue 

(d)  Zero

5.When does 'shift' in supply curve take place ?

6.What will   e the effect of 11 percent rise in price of a good on its demand if price elasticity of demand is (a) Zero, (b) -1, (c) -2.

7.What is minimum price ceiling ?  Explain its implications.

                            OR

If the prevailing market price is a  ove the equili  rium price, explain its chain of effects.

8.A consumer consumes only two goods X and Y. The marginal utilities of X and of Y is 3. Prices  of X  and Y are  RS 2 and RS 1 respectively. Is  consumer  in equili  rium ? What will   e further reaction of the  consumer ? Give reasons.

Please click below link CBSE Class 12 Economics Question Paper 2016 Set 3