Introduction — Economics STD 12 Humanities & Commerce — Question

Show with the help of diagram the effect on equilibrium price of a commodity when demand increases and supply is perfectly elastic.

Excess money supply is necessary for rapid economic development but it creates inflationary situation. Write any two fiscal measures to control inflationary situation.

Show the determination of equilibrium price with the help of schedule.

Draw the average revenue curve of a firm under (a) monopoly and (b) perfect competition. Explain the difference in these curves, if any.### Why is the average revenue curve of a firm under perfect competition parallel to OX-axis and negatively sloped under monopoly?

Why is the study of the problem of unemployment in India considered a macro economic study?

There is increase in investment of ₹ 1000 crore in an economy. MPC is zero. What is the total increase in income? Calculate.

List the three different ways in which oligopoly firms may behave.

Explain the effect of technical progress on the supply of a good.

Giving reason, classify the into stock or flow.
Money supply.

What is the general shape of the AP and MP curves?