Study Material
DEMAND ANALYSIS
Very Short Answer Questions
Q1. What is price demand?
Q2. Prepare individual demand schedule
Q3. Prepare market demand schedule
Q4. What is demand function?
Q5. Explain Giffen's paradox
Q6. Explain Veblen goods (prestigious goods)
Q7. What is income demand?
Q8. What is cross demand?
Q9. Explain substitute goods
Q10. Explain complementary goods
Q11. What is price elasticity of demand?
Q12. What are the types of price elasticity of demand?
Q13. Explain income elasticity of demand
Q14. Explain cross elasticity of demand
Q15. What is perfectly elastic demand?
Q16. What is perfectly inelastic demand?
Q17. Explain unitary elastic demand
Q18. Explain relatively elastic demand
Q19. Explain relatively inelastic demand
Q20. Write about superior goods
Q21. Explain inferior goods
Q1. What are the factors that determine the demand for a good?
Q2. Explain the law of demand
Q3. Explain the exceptions to the law of demand
Q4. Illustrate the reasons for negative sloping demand curve
Q5. Discuss the concept of income demand
Q6. Explain the concept of cross demand
Q7. What is elasticity of demand?
Q8. Define price elasticity of demand
Q9. What are the basic determinants of price elasticity of demand?
Q10. Point out the importance of price elasticity of demand
Q11. Describe the income and cross elasticities of demand
Q1. What is a demand function? What are the factors that determine the demand for a good?
Q2. Explain the law of demand and examine its exceptions
Q3. Explain the concepts of income and cross demands with suitable diagrams
Q4. Define the concept of elasticity of demand Also explain income and cross elasticities of demand
Q5. What is price elasticity of demand? Illustrate the various types of price elasticities of demand
Q6. Discuss the factors that determine price elasticity of demand
Q7. Describe the importance of price elasticity of demand