A Demand Analysis — Economics STD 12 Commerce / Arts — Question

Diagram A represents ……………. in demand

Study the following table and answer the question.

Table A : Trade data for period 2009 – 10 to 2017 – 18

QU 1. In which year export growth was least and how much?
QU 2. In which year import growth was maximum and how much?
QU 3. During which year trade balance was minimum?
QU 4. Which concept of Balance of Trade is applicable here?
QU 5. How much was India’s export value in the year 2017-18?
QU 6. Give your opinion on India’s foreign trade.

Direction of Indias imports

Observe the given table and answer the questions:

Units of Com. ‘X’	TU Units	MU Units
1	6	6
2	11	5
3	15	4
4	15	0
5	14	-1

(1) Draw TU and MU curve.
(2) Fill in the blanks :
(a) When total utility is maximum marginal utility is ……………..
(b) When total utility falls, marginal utility becomes ……..

1) Demand at point ‘C’ is relatively elastic demand.
2) Demand at point ‘B’ is unitaiy elastic demand.
3) Demand at point ‘D’ is perfectly inelastic demand.
4) Demand at point ‘A’ is perfectly elastic demand.

Identify and define the degrees of elasticity of demand from the following demand curves.

How much is the percentage of increase in the imports of developing nations in 2015-16 as
compared to 1990-9 1?

Observe the given diagram and answer the following questions:

Complete the quantity of potato supplied by the firms to the market in the above table.

Price remains …………….