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.
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• 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.
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• question_answer3) Explain the conditions of consumer?s equilibrium under utility analysis.
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• 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]
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• question_answer5) State three sources each of revenue receipts and capital receipts in government budget.
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• question_answer6) Explain any two methods of credit control used by central bank.
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• 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.

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• question_answer8) Explain all the changes that will take place in an economy when aggregate demand is not equal to aggregate supply.
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