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Answer the following question.
Explain the relationship between Total utility and Marginal utility.
Concept: Total Utility and Marginal Utility
Explain the law of diminishing marginal utility.
Concept: Diminishing Marginal Utility
Explain the factors determining the elasticity of demand.
Concept: Elasticity of Demand
Write Short note on the following.
Ratio method of measuring price elasticity of demand ?
Concept: Factors Affecting Price Elasticity of Demand
Answer the following question.
State and explain the law of demand.
Concept: Demand
Give reasons or Explain the following statements.
All desires are not demand.
Concept: Change in Demand
Write Explanatory answer.
State and explain the law of demand with its exception.
Concept: Demand
Distinguish between:
Increase in demand and Decrease in demand
Concept: Change in Demand
Individual supply and Market supply.
Concept: Concept of Supply - Supply Schedule and Supply Curve
Define or explain the following concepts:
Entrepreneur
Concept: Factors of Production - Organisation
Meaning and Definition of Macroeconomics
Concept: Features of Macro Economic
Distinguish between Gross National Product and Net National Product.
Concept: Concept of National Income
What is ‘National Income’?
Concept: Concept of National Income
State the determinants of aggregate demand.
Concept: Concept of Aggregate Demand and Aggregate Supply
Explain the determinants of aggregate supply.
Concept: Concept of Aggregate Demand and Aggregate Supply
Explain the primary functions of commercial banks.
Concept: Commercial Banks
State whether the following statement is True or False:
The main objective of the Central Bank is to earn a profit.
Concept: Central Bank Function - Banker's Bank
Distinguish between the following.
Commercial Bank and Central Bank.
Concept: Central Bank Function - Banker's Bank
Distinguish between the following.
Direct tax and Indirect tax.
Concept: Taxable Income
The terms Micro and Macro Economics were first used by _____________.
Concept: Features of Micro Economics
