# Solved papers for 12th Class Economics Solved Paper - Economics 2013 Delhi Set-II

### done Solved Paper - Economics 2013 Delhi Set-II Total Questions - 8

• question_answer1) Give two examples of variable costs.

• question_answer2) A firm's revenue rises from Rs 400 to Rs 500 when the price of its product rises from Rs 20 per unit to Rs 25 per unit. Calculate the price elasticity of supply.

• question_answer3)  Complete the following table. Output (Units) Average Cost (Rs) Marginal Cost (Rs) 1 12 ...... 2 10 ...... 3 ..... 10 4 10.5 ...... 5 11 ...... 6 ..... 17

• question_answer4) Explain any two features of monopoly markets.

• question_answer5)  The demand for good rises by 20 percent as a result of all in its price. Its price elasticity of demand (-) 0.8. Calculate the percentage fall in price.                                                                                      [4] Or How is price elasticity of demand affected by? (i) Number of substitutes of available for the good, (ii) Nature of the good

• question_answer6) How do commercial banks create deposits? Explain.

• question_answer7)  In an economy, $\mathbf{S}=-\mathbf{100}+\mathbf{0}.\mathbf{6Y}$ is the saving function, where S is saving and Y is National Income. If investment expenditure is 1100. Calculate: (i) Equilibrium level of National Income (ii) Consumption expenditure of equilibrium level of National Income.

• question_answer8)  Complete the following table: Income Rs Saving Rs Average Propensity to consume Marginal Propensity to consume 0 $-40$ ..... ..... 50 $-20$ ..... ..... 100 0 ..... 0.6 150 30 0.8 ..... 200 50 ..... .....