CBSE Class 12 Economics Question Paper SA1 2012 Set 02

CBSE Class 12 Economics Question Paper SA1 2012 (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

“Introductory Micro Economics”

1. What is meant by consumer’s equilibrium? 

2. What is the scope of Budget line? 

3. What causes a downward movement along a supply curve of a commodity? 

4. What is meant by “market period”? 

5. How is TPP derived from APP? 

6. Show that average revenue equals price? 

7. Can the average cost be less than marginal cost when average cost is rising? 

8. Define marginal revenue? 

9. What is the shape of demand curve? (under monopoly) 

10. In which market form is there product differentiation? 

11. Define marginal utility, state the relationship between Marginal utility and total utility 

12. What is meant by consumer’s equilibrium? State the condition of consumer’s equilibrium given by the utility approach?

13. State the law of supply. What is meant by assumption other things remaining same on which the law is based? 

14. Explain the effect of technological changes on the supply of a commodity? 

15. The ratio of electricity of supply of commodities A & B is 1:1.5.20 percent fall in its supply. A results in a 40 percent fall in its supply. Calculate the percentage increase in supply of B if is  price rises from Rs. 10 per unit to Rs. 11 per unit. 

16. Explain the point method of measuring electricity of supply?

Please click the link below to download pdf file of CBSE Class 12 Economics Question Paper SA1 2012 (2).