VEENA TUTORIALS

STD:HSC ECONOMICS TIME: 120 MIN

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Answer the following:
1. What is demand? Discuss the types of demand?
2. Discuss in detail the determinants of market demand?
3. Explain the law of demand with assumptions?
4. Give the exceptions to the law of demand?
5. The demand curve slopes downward from left to right?
Why?

Give reasons:
1. The demand for necessities is inelastic?
2. The demand for a rich persons is inelastic?
3. The point method measures the elasticity of demand
at a particular point on demand curve
4. The demand for luxuries is elastic?
5. What are the types of price elasticity of demand ?
Draw diagrams?
Short notes (any1)
1. Percentage demand method
2. Total outlay method
3. Geometric or point method