CARVER PUBLIC SCHOOL

UT-1
CLASS- XII
SUB: ECONOMICS
TIME: 1 HOUR [M.M: 30]
__________________________________________________________
SECTION-A
Answer the following [2x5]
1. Define Micro Economics.
2. What is Demand?
3. State Demand Function Law.
4. Define Equilibrium of Price.
5. Write Demand Function.
SECTION-B
Answer the following briefly [3x4]
6. Define Elasticity of Demand and name its types.
7. Differentiate between Intended Supply and Actual Supply.
8. Discuss Concept of Production Function.
9. Discuss the factors that affect Demand.
 SECTION-C
Answer in detail [8x1]
10. Discuss in detail

 Cost Concepts
 Revenue
 Production Function