ECONOMICS BATCH 2022-23

Subject Date Time Marks

Demand 11/04/22 45 mins 25
• All questions are compulsory
• Draw the diagram wherever necessary

Q.1 Note on Demand function. (2)

Q.2 Explain Veblen Effect with suitable example. (2)

Q.3 Distinction between Expansion and Contraction of Demand. (2)

Q.4-5 Write a note on: (2+2)

a) Joint demand

b) Derived demand

Q.6 When the price of a commodity falls and prices of its substitutes remain unchanged – Explain the
effect with its meaning example and Diagram (3)

Q.7 Explain Market Demand curve and draw with the help of following schedule (3)

Price (Rs) QD ‘A’ QD ‘B’ Total Market demand

100 1 2
90 2 2
80 4 3

Q.8 Do you agree- All inferior goods are Giffen goods. (3)

Q.9 Explain Law of Demand with the help of – (6)

1. Statement of the law 2. Individual demand schedule + curve 3. Explanation

ALL THE BEST !!

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