Eco W.s 14 -18-19.docx

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Pon Vidya Mandir Sr. Sec. School Chinmaya Vision School

Karur.

Worksheet :13 Subject :Economics Grade : XII AY : 2018-19 Topic :Demand

I. Answer the following questions. 1. Define Demand. 2. Explain the following; (a) Substitute goods (b) Complementary goods (c) Inferior goods (d) Normal goods. 3. Why other factors being constant? 4. Write any four assumptions of Law of demand. 5. What is Giffen Paradox? Explain. 6. Write any two differences between individual demand and market demand. 7. When does shift in demand take place? Explain. 8. Explain increase in demand and expansion demand. 9. What are the factors determining demand for a commodity? 10. Why does demand curve slopes downwards? Give reasons.

Department of commerce/Eco worksheet 13/2018-19/Pvmsss,Karur Page _____________________________________________________________________________________

Pon Vidya Mandir Sr. Sec. School Chinmaya Vision School

Karur.

Worksheet : 13 Subject :Economics Grade : XII AY : 2018-19 Topic :Demand

I. Answer the following 1. Define Demand.

2. Explain the following; (a) Substitute goods (b) Complementary goods (c) Inferior goods (d) Normal goods. 3. Why other factors being constant? 4. Write any four assumptions of Law of demand. 5. What is Giffen Paradox? Explain. 6. Write any two differences between individual demand and market demand. 7. When does shift in demand take place? Explain. 8. Explain increase in demand and expansion demand. 9. What are the factors determining demand for a commodity? 10. Why does demand curve slopes downwards? Give reasons.

Department of commerce/Eco worksheet .13/2018-19/Pvmsss,Karur

Page 1

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