(English Medium) ICSE Class 10 - CISCE Important Questions for Economic Applications

Distinguish between contraction and decrease in supply.

The continuous rain and lack of fresh supply have affected the availability of tomatoes in India during June - July 2023. What will be the impact on the supply curve for tomatoes?

Identify the elasticity of supply (e_s) of S₁, S₂ and S₃ supply curves:

Identify the elasticity of supply for the following with proper reasoning:

Primitive and advanced technology.

Identify the value of elasticity of supply for the supply curve OS and S₁S₂.

Derive the market supply from the market supply schedule of two firms A and B.

Identify the elasticity of supply for the following with proper reasoning:

Short run and long run period.

Identify the elasticity of supply for the following with proper reasoning:

Perishable and durable goods.

Identify the elasticity of supply for the following with proper reasoning:

Nature of the entrepreneurs.

Distinguish between expansion of supply and increase in supply.

Explain any two characteristics of capital.

Mention two ways by which efficiency of labour can be improved.

Discuss three ways by which an entrepreneur promotes economic growth.

State any two differences between an entrepreneur and other factors of production.

Explain briefly two factors affecting the productivity of the land.

Draw a perfectly inelastic supply curve.

Define capital.

Distinguish between an entrepreneur and an organiser.

Mention two factors that determine the supply of labour.

Explain four characteristics of land as a factor of production.