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![Balbharati solutions for Economics [English] 12 Standard HSC chapter 3.1 - Demand Analysis - Shaalaa.com](/images/economics-english-12-standard-hsc_6:241bfd6f9011433b9b44c9de23ef18a7.JPG "Balbharati solutions for Economics [English] 12 Standard HSC chapter 3.1 - Demand Analysis")
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Solutions for Chapter 3.1: Demand Analysis
Below listed, you can find solutions for Chapter 3.1 of Maharashtra State Board Balbharati for Economics [English] 12 Standard HSC.
Balbharati solutions for Economics [English] 12 Standard HSC 3.1 Demand Analysis Exercise [Pages 25 - 26]
The relationship between demand for a good and the price of its substitute is ______.
direct
inverse
no effect
can be direct and inverse
Complete the following statement:
The relationship between income and demand for inferior goods is ______.
direct
inverse
no effect
can be direct and inverse
Complete the following statement:
Symbolically, the functional relationship between Demand and Price can be expressed as ______.
Dx = f(Px)
Dx = f(Pz)
Dx = f(y)
Dx = f(T)
Complete the following statement:
When less units are demanded at high price it shows ______.
increase in demand
expansion of demand
decrease in demand
contraction in demand
Give economic terms:
A situation where more quantity is demanded at a lower price.
Give economic terms:
Graphical representation of demand schedule.
Give an economic term:
A commodity which can be put to several uses.
Give economic term:
More quantity is demanded due to changes in the factors determining demand other than price.
Give an economic term:
A desire which is backed by willingness to purchase and ability to pay.
Distinguish between Desire and Demand.
Distinguish between:
Expansion of demand and Contraction of demand.
Distinguish between:
Increase in demand and Decrease in demand
State with reason, whether you Agree or Disagree with the following statement.
The demand curve slopes downward from left to right.
Agree
Disagree
Explain with reason, whether you agree or disagree with the following statement.
Price is the only determinant of demand
Agree
Disagree
State with reason whether you agree or disagree with the following statement:
When the price of Giffen goods falls, the demand for it increases.
Agree
Disagree
Observe the following table and answer the following questions:
| Quantity demanded | ||||
| Price per kg. in ₹ | Consumer A |
Consumer B |
Consumer C |
Market demand (in kgs) (A + B + C) |
| 25 | 16 | 15 | 12 | ______ |
| 30 | 12 | 11 | 10 | ______ |
| 35 | 10 | 09 | 08 | ______ |
| 40 | 08 | 06 | 04 | ______ |
- Complete the market demand schedule.
- Draw market demand curves based on the above market demand schedule.
Observe the given diagram and answer the following questions:
- The rightward shift in demand curve ______.
- Leftward shift in demand curve ______.
- Price remains ______.
- An increase and decrease in demand come under ______.
Explain the diagram:
- The diagram represents _______ in demand.
- In the diagram, A movement of the demand curve is in ______ direction.
Explain the diagram:
- The diagram represents ______ in demand.
- In the diagram, the movement of the demand curve is in ______ direction.
State and explain the ‘law of demand’ with its exceptions.
Explain in detail the determinants of demand.
Solutions for 3.1: Demand Analysis
Balbharati solutions for Economics [English] 12 Standard HSC chapter 3.1 - Demand Analysis
Shaalaa.com has the Maharashtra State Board Mathematics Economics [English] 12 Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. Balbharati solutions for Mathematics Economics [English] 12 Standard HSC Maharashtra State Board 3.1 (Demand Analysis) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
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Concepts covered in Economics [English] 12 Standard HSC chapter 3.1 Demand Analysis are Demand, Law of Demand, Exceptions to the Law of Demand, Demand Curve and Its Slope, Factors of Demand, Demand Schedule, Types of Demand, Determinants of Demand, Assumptions of Law of Demand, Variations in Demand, Change in Demand, Concept of Aggregate Demand and Aggregate Supply.
Using Balbharati Economics [English] 12 Standard HSC solutions Demand Analysis exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Balbharati Solutions are essential questions that can be asked in the final exam. Maximum Maharashtra State Board Economics [English] 12 Standard HSC students prefer Balbharati Textbook Solutions to score more in exams.
Get the free view of Chapter 3.1, Demand Analysis Economics [English] 12 Standard HSC additional questions for Mathematics Economics [English] 12 Standard HSC Maharashtra State Board, and you can use Shaalaa.com to keep it handy for your exam preparation.
