Pre Boards

Practice to excel and get familiar with the paper pattern and the type of questions. Check you answers with answer keys provided.

Sample Papers

Download the PDF Sample Papers Free for off line practice and view the Solutions online.

CBSE Class 12 Economics Solved Question Paper 2013

Short Answer Type

Give two examples of fixed costs.

1817 Views

Define marginal cost.

567 Views

When is the demand for a good said to be inelastic?

1295 Views

Given the meaning of market demand.

848 Views

Under which market form a firm’s marginal revenue is always equal to price?

1049 Views

Explain the difference between an inferior good and a normal good.

1307 Views

Explain the law of diminishing marginal utility with the help of a total utility schedule.

1608 Views

Explain the condition of consumer’s equilibrium with the help of utility analysis.

2036 Views

9.
When the price of a good rises from Rs 20 per unit to Rs 30 per unit, the revenue of the firm producing this good rises from Rs 100 to Rs 300. Calculate the price elasticity of supply.

Price (Rs)	Quantity (uts)	Revenue (Rs)
20	5	100
30	10	300

Price elasticity of supply (eS) = Percentage change in quantity supplied/ Percentage change in price.
% change in quantity supplied = (change in quantity supplied / Initial quantity supplies)* 100 = (5/5)*100 =100
% change in price = (change in price/ initial price)*100
(10/20)*100 = 50
Price elasticity of supply (eS) = Percentage change in quantity supplied/ Percentage change in price = 100/50 = 2

1107 Views