(Please write your Exam Roll No.) Exam Roll No.

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INSTITUTEOFINFORMATIONTECHNOLOGY&MANAGEMENT
INTERNAL EXAMINATIONS [October; 2023]
BBA-I (E1)
Subject Name: Business Economics Subject Code: BBA-107
Time: 2Hrs. Max Marks: 40

Note: 1. Attempt all questions.

2. Each question carries equal marks.

Section A (10) <CO1,CO6>

Ques.1.Write short notes on (Any 5)

a) Micro Economics and Business Economics.
b) Difference between Cardinal and Ordinal Utility Approach.
c) Nudge theory
d) Budget line
e) Micro and Macro economics
f) Demand

Section B (10) <CO1,CO2,CO6>

Ques.2. What is demand? Explain Determinants of Demand.
OR
Ques.2 . Explain Law of Demand. Does the following numerical satisfy Law of Demand?
QUANTITY PRICE
1 10
2 9

Section C (10) <CO1,CO2>

Ques.3. Explain any two methods of measuring elasticity of demand.
OR
Ques.3. Define Law of Diminishing Marginal Utility. Write it’s assumptions. (Explain using
diagram/schedule)
Section D (10) < CO1,CO2,CO6,>

Ques.4. Define Indifference Curve and discuss any two of its properties.
OR
Ques.4 Calculate elasticity of demand and comment whether it is elastic or not?
QUANTITY PRICE
15 1
25 2
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