Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 3 -(A) Demand Analysis [Latest edition]
Q.1. Complete the following statement:
Q.2. Give economic term:
1. A situation where more quantity is demanded at lower price __
2. Graphical representation of demand schedule _____
3. A commodity which can be put to several uses ______
4. More quantity is demanded due to changes in the factors determining demand other than price _____
5. A desire which is backed by willingness to purchase and ability to pay _______
Q.3. Distinguish between:
2. Extension of Demand contraction of Demand
3. Increase in demand and Decrease in demand
Q.4. State with reason, whether you Agree or Disagree with the following statement.
1. Demand curve slopes downward from left to right
2. price is the only determinant of demand
3. When the price of Giffen goods fall, the demand for it increases
Q.5. 1. Observe the following table and answer the following question
Q.5. 2. Observe the given diagram and answer the following question
Q.6. Answer in detail:
1. State and explain the ‘law of demand’ with its exceptions.
