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A.V.

P TRUST PUBLIC SENIOR SECONDARY SCHOOL (CBSE)-2020-2021


(Affiliated to the Central Board of Secondary Education, Delhi, Affi.No : 1930358)

Grade:11 A .
Subject. Economics

I. Answer the following questions.

1. Define Demand.
2. Define normal goods.
3. What is meant by Extension and Contraction of demand?
4. If the Quantity demanded of good X decreases as a household income increases, what type of good is X?

II. Reason based questions. Write true or false with justification:

5.Demand for a commodity can exist independent of its price.

6. Demand for a commodity refers to the entire demand schedule.

7. What does the shifting of demand curve show?

8.Changes in income cause a shift in demand curve, while change in the

own price of the commodity does not.

9.In case of normal goods Income effect is positive while in case of Inferior

it is negative.

10. For a family of four, demand schedule for rice should be the same for

each member.

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