Question
| Group ‘A’ | Group ‘B’ |
| 1. Car and petrol | Complementary goods |
| 2. Point method | Geometric method |
| 3. Necessaries | Inelastic demand |
| 4. Unitary elastic | Steeper curve |
| Group ‘A’ | Group ‘B’ |
| 1. Car and petrol | Complementary goods |
| 2. Point method | Geometric method |
| 3. Necessaries | Inelastic demand |
| 4. Unitary elastic | Steeper curve |
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| Group‘A | Group ‘B’ |
| 1. Internal trade | Between two or more countries |
| 2. Oceanic trade | Trade by sea |
| 3. Export trade | Sale of goods by one country to another country |
| Group ‘A’ | Group ‘B’ |
| (1) Maynard Keynes | Macro economic approach |
| (2) Micro | Mikros |
| (3) Adam Smith | Classical economist |
| (4) Census | Limited scope |
| Group ‘A’ | Group ‘B’ |
| (1) Individual demand | Individual consumer |
| (2) Joint demand | Tea-coffee |
| (3) Variation in demand | Other factors remaining constant |
| (4) Decrease in demand | Price remains constant |
| Group ‘A’ | Group ‘B’ |
| 1. Total Revenue | Price x Quantity |
| 2. Total Cost | TFC + TVC |
| 3. Average Cost | TR x TQ |
| Group ‘A’ | Group ‘B’ |
| (1) Individual demand | Particular consumer |
| (2) Complementary demand | Pen – Ink |
| (3) Competitive demand | Milk – Sugar |
| (4) Indirect demand | Labour |
| Group ‘A’ | Group ‘B’ |
| (i) Inferior goods | Giffen goods |
| (2) Prestige goods | Luxury goods |
| (3) Expanasion of demand | Fall in price |
| (4) Increase in demand | Unfavourable changes in other factors |
| Group ‘A’ | Group ‘B’ |
| 1. Revenue expenditure | (a) Administration cost of Government |
| 2. Capital expenditure | (b) Repayment of Government loan |
| 3. Development expenditure | (c) Expenditure on education |
| 4. Non- developmental expenditure | (d) Expenditure on social welfare |
| Group ‘A’ | Group ‘B’ |
| 1. Inelastic demand | Steep slope of demand curve |
| 2. BMW Car | Inelastic demand |
| 3. Income elasticity | Responsiveness of quantity demanded of a commodity to change in income |
| 4. Elastic demand | Flatter slope of demand curve |
| Group ‘A’ | Group ‘B’ |
| (1)Macro | Individual unit |
| (2) Factor pricing | Rent, wages, interest and profit |
| (3) Ceteris paribus | Other things being constant |
| (4) Micro | Price theory |
| Group ‘A’ | Group ‘B’ |
| The Output method | Product method |
| India used | Expenditure method |
| USA, UK | Income method |
| Illegal Income | Theoretical difficulty |