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    Shreya Kumar
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    The document is an exam paper for the subject Economics I for students of National Law University and Judicial Academy, Assam. It contains 3 questions related to concepts in economics, including indifference curves and their properties, types of price elasticity of demand, and the nature and scope of economics as well as the differences between microeconomics and macroeconomics. Students must choose 2 of the 3 questions to answer in the 2.5 hour online exam.

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    The document is an exam paper for the subject Economics I for students of National Law University and Judicial Academy, Assam. It contains 3 questions related to concepts in economics, including indifference curves and their properties, types of price elasticity of demand, and the nature and scope of economics as well as the differences between microeconomics and macroeconomics. Students must choose 2 of the 3 questions to answer in the 2.5 hour online exam.

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    © All Rights Reserved
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    18 views1 page

    3.1 Economics - I

    Uploaded by

    Shreya Kumar
    The document is an exam paper for the subject Economics I for students of National Law University and Judicial Academy, Assam. It contains 3 questions related to concepts in economics, including indifference curves and their properties, types of price elasticity of demand, and the nature and scope of economics as well as the differences between microeconomics and macroeconomics. Students must choose 2 of the 3 questions to answer in the 2.5 hour online exam.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    NLUJAA

    National Law University and Judicial Academy, Assam


    B.A., LL.B. (Hons.): II-Year, III-Semester (Academic Year: 2020-21)
    Mid Semester Examination (November, 2020) :: Online Mode
    Subject Code: 3.1 Economics - I
    Time: 2:30 Hrs.
    Total Marks: 20
    INSTRUCTIONS:
    1. Read the questions carefully and answer.
    2. Unnecessary queries on the Question Paper shall not be entertained.

    Answer any two questions from the following. All questions carry equal marks.

    1. What is Indifference Curve? Discuss the different properties of Indifference Curve.


    2+8=10 Marks

    2. What is meant by Cross Elasticity of Demand and Income Elasticity of Demand? Discuss
    the different types of Price elasticity of Demand.
    3+7=10 Marks

    3. Discuss the nature and scope of Economics. Discuss in brief the differences between
    Microeconomics and Macroeconomics.
    5+5=10 Marks

    *******

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