CBSE Class 12 Economics Question Paper Delhi with answers 2017 Set 01

CBSE Class 12 Economics Question Paper Delhi with answers 2017 (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 

1. The demand of a commodity when measured through the expenditure approach is inelastic. A fall in its price will result in : (choose the correct alternative) 

(a) no change in expenditure on it. 

(b) increase in expenditure on it. 

(c) decrease in expenditure on it. 

(d) any one of the above. 

2. As we move along a downward sloping straight line demand curve from left to right, price elasticity of demand : (choose the correct alternative)

(a) remains unchanged

(b) goes on falling

(c) goes on rising

(d) falls initially then rises

3. Define market demand.

4. Average revenue and price are always equal under : (choose the correct alternative)

(a) perfect competition only

(b) monopolistic competition only

(c) monopoly only

(d) all market forms

5. State any one feature of oligopoly.

6. Distinguish between microeconomics and macroeconomics.

7. State  the  meaning  and  properties  of  production  possibilities frontier.

8. Show that demand of a commodity is inversely related to its price. Explain with the help of utility analysis.

                                                               Or

Why is an indifference curve negatively sloped ? Explain.

9. Explain the conditions of consumer's equilibrium under indifference curve approach.?

10. State different phases of the law of variable proportions on the basis of total product. Use diagram.

                                                                   Or

 Explain  the  geometric  method  of  measuring  price  elasticity  ofsupply. Use diagram.