CBSE Class 12 Economics Question Paper Delhi with answers 2017 Set 02

CBSE Class 12 Economics Question Paper Delhi with answers 2017 (2). 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. Define market demand. 

2. 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 

3 .State any one feature of oligopoly.

4. 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.

5. 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

6. Explain the problem of 'what to produce. 

7. 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.

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

9. A consumer consumes only two goods. Explain the conditions of consumer s equilibrium using utility analysis.

10. Explain the 'free  entry and exit of firms  feature of monopolistic competition.