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

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

• question_answer1) Give the meaning of market supply.

• question_answer2) A 15 per cent rise in the price of a commodity raises its supply from 300 units to 345 units. Calculate its price elasticity of supply.

• question_answer3) Explain the conditions of consumer?s equilibrium under utility analysis.

• question_answer4) Price elasticity of demand of a good is $\mathbf{0}.\mathbf{75}$. Calculate the percentage fall in its price that will result in 15 per cent rise in its demand.                                                                                                    [4]

• question_answer5) State three sources each of revenue receipts and capital receipts in government budget.

• question_answer6) Explain any two methods of credit control used by central bank.

• question_answer7)  From the following data about an economy, calculate (a) equilibrium level of national income and (b) total consumption expenditure at equilibrium level of national income. (i) C = 200 + 0.5Y is the consumption function where C is consumption expenditure and Y is national income. (ii) Investment expenditure is 1,500.