North Campus

Final Examination Spring Semester 2020

Subject Micro Economics Program BBA-H

Faculty Prof. Mahpara Sadaqat Section Code 012001224
No.of Students 63 Maximum Marks 30
Start date & Time June 8 , 2020
th
Submission 14-6-2020
at 12:00 AM Deadline AT 2:00 PM

IMPORTANT INSTRUCTIONS:

 Students should meet their submission deadline as there is no re-take or re-attempt after the deadline.
 Attempt all following questions.
 You can give your answers in hand written or in type-written form as per your convenience.
 If you are giving hand written answers then you must use A4 paper sheet with sufficient margin on left
and right side.
 You are required to solve and upload your answer file within the given deadline.
 Answer scripts upload on given link.

Discuss the following Questions, with the help of diagram. (If necessary)
1. Explain the concept of elasticity and its applications? Also explain how to compute the
price elasticity of demand with the help of midpoint formula. Describe the Ranges of
Elasticity?
2. Write and illustrate the determinants of Price Elasticity of Demand? Give the different
examples with the nature of commodities?
3. Give the feature of the Total Revenue and Elasticity? What would be happen when
income elasticity and cross elasticity with different types of goods?
4. How the government polices to control the market conditions? Explain the price
ceiling, price flooring and their affect market outcomes?
5. Explain concept of market structure in the economy and also explain the different types
of markets with their Assumptions? Give examples of each market?
6. What is the concept of utility and also explain how to measure the utility? Also explain
the budget constraints and income effect with the help of table and diagram?

GOOD LUCK

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