Question
| 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) Individual demand | Individual consumer |
| (2) Joint demand | Tea-coffee |
| (3) Variation in demand | Other factors remaining constant |
| (4) Decrease in demand | Price remains constant |
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| Group ‘A’ | Group ‘B’ |
| (1) Slicing method | Micro economics |
| (2) Economic welfare | Overall economic efficiency |
| (3)Macro economics | Income theory |
| (4) Maynard Keynes | Microscopic study of economy |
| Group ‘A’ | Group ‘B’ |
| (1) Macro | (a) Makros |
| (2) Prof. Alfred Marshall | (b) Neo-classical economist |
| (3) Lumping method | (c) Splits the whole economy |
| (4) Partial equilibrium | (d) Micro economics |
| Group ‘A’ | Group ‘B’ |
| 1. Prof. Marshall | Law of DMU |
| 2. Total utility | Utility from last unit |
| 3. Cardinal measurement | Assumption of law of DMU |
| 4. Service utility | Knowledge by teacher |
| 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) Maynard Keynes | Macro economic approach |
| (2) Micro | Mikros |
| (3) Adam Smith | Classical economist |
| (4) Census | Limited scope |
| Group ‘A’ | Group ‘B’ |
| The Output method | Product method |
| India used | Expenditure method |
| USA, UK | Income method |
| Illegal Income | Theoretical difficulty |
| Group ‘A’ | Group ‘B’ |
| 1. Extension in supply | More supply at higher price |
| 2. Contraction in supply | Less supply at lower price |
| 3. Increases in supply | Part of variation in supply |
| 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’ |
| National Income | Money value of goods and services |
| Unemployment allowances | Transfer payment |
| NNP | GNP – Depreciation |
| Income Method | Output method |
| Group ‘A’ | Group ‘B’ |
| 1. Disutilit | Negative MU |
| 2. Homogeneity | Identical unit |
| 3. Law of DMU | Explained by Prof. Gossen |
| 4. Maximum TU | Zero MU |