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Grade:11 A .
Subject. Economics
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?
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.