CBSE Class 12 Economics Sample Paper Set B Solved

Read and download PDF of CBSE Class 12 Economics Sample Paper Set B Solved designed as per the latest curriculum and examination pattern for Class 12 issued by CBSE, NCERT and KVS. The latest Class 12 Economics Sample Papers have been provided with solutions so that the students can solve these practice papers and then compare their answers. This will help them to identify mistakes and improvement areas in Economics Standard 12 which they need to study more to get better marks in Grade 12 exams. After solving these guess papers also refer to solved Class 12 Economics Question Papers available on our website to build strong understanding of the subject


Section A

1. State two features of resources that give rise to an economic problem. 
2. What happens to total expenditure on a commodity when its price falls and its demand is price elastic?
3. What happens to equilibrium price of a commodity if there is an 'increase' in its de’and and 'decrease' in its supply?
4. Give the meaning of equilibrium price. 
5. What is meant by cost in economics? 
6. State any three factors that cause an 'increase' in de’and of a commodity. 
7. What will be the price elasticity of supply at a point on a positively sloped, straight line supply curve?
8. Explain the shape of a production possibility frontier.
Explain the Centra‘ problem’ how to reduce.
9. How does the nature of a commodity influence its price elasticity of demand?

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