Tuesday. 12 Shrawan.

th

2078
GOOD MORNING STUDENTS,
WELCOME TO ONLINE SESSION OF ECONOMICS.
TODAY’S QUESTION DISCUSSION:
REVISION OF CLASS 11 DEMAND AND SUPPLY
QUOTES OF DAY:
“THE GREATEST PROJECT YOU'LL EVER WORK ON IS YOU.”
 Last Class Discussion:

 Q. What is desire and demand? --------2 marks

 Q. Explain the determinants of demand?-----8 marks
 Q. Explain types of demand---4 marks
 Q. Explain law of demand with schedule and curve---8 marks
 Q. Explain exceptions of law of demand----8 marks
 Numerical Questions:

 Q. If Qd= 80-2p and Qs= -20+3p. Find equilibrium price.------ 2 marks

 Q. Suppose Qd=1000-20p------------------- 4 marks
Qs=100+40p
a. Price Qd Qs b. Find the equilibrium price and quantity.
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Today’s assignment:

 Model Question sent in viber--- 1 Set

all.
Thank you!
To be continued tomorrow with
revision of new chapter Theory of
Production. Complete your
assignment and stay safe…
Types of Demand

1. Price Demand
2. Income Demand
3. Cross Demand
4. Joint Demand
5. Derived Demand
6. Composite Demand
Exceptions of law of demand

1. Basic or necessary goods

2. Prestigious goods
3. Change in taste and preferences
4. Cultural and religious factor
5. Price or shortage
6. Giffen goods
7. Change in population
8. Change in income, seasons, fashion etc.
Law of Demand/ Schedule/ Curve

 Law of Demand
 Demand Schedule
 Demand Curve