Download App

Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour2 Marks
Question
'Law of Demand is price demand'. Comment.
✓

Answer

A movement along a demand curve occurs when the Law of Demand operates primarily on account of change in price of the commodity. An increase in price, decreases the demand and vice-versa. Hence, Law of Demand is a price demand as it is affected by price.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "2 Marks Question" from Theory of consumer behaviour→Theory of consumer behaviour — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Would the Central Bank need to intervene in managed floating system? Explain why?
→
Identify the following as extension, contraction, increase or decrease in demand.
  1.  
Price (₹)
Demand (units)
10
20
12
15
  1.  
Price (₹)
Demand (units)
10
20
10
15
  1.  
Price (₹)
Demand (units)
12
15
10
20
  1.  
Price (₹)
Demand (units)
10
20
10
30
→
What is the price elasticity of supply, when:
  1. Supply curve passes through the origin.
  2. Supply curve is a vertical straight line.
  3. Supply curve is a horizontal straight line.
→
Where will sale of machinery to abroad be recorded in the Balance of Payments Accounts? Give reasons.
→
On the basis of the following data, calculate Value Added by C.
S. No
Particulars
(₹) In Crose
1.
Final Sales.
200
2.
Value Added by B.
40
3.
Value Added by D.
50
4.
Sale of Industry A to B.
30
5.
Sale by to D.
100
→
Selling cost is a nail in the coffin of consumer's sovereignty. How?
→
Explain the following:
  1. ‘Free entry and exit’ feature of perfect competition. 
→
Give the meaning of deflationary gap.
→
Give the meaning of normal goods and inferior goods. Give examples in each case.

OR

Explain the difference between an inferior good and a normal good.

→
Identify and discuss the nature of the following newspaper reports in terms of positive or normative economic analysis:
  1. “India jumped 23 points in the World Bank’s ease of doing business index to 77th place, highest in 2 years.” –The Economic Times
  2. “Government should further liberalise the business rules.” –The Economic Times
→