Are you prepared for the Economics Paper for 2013 CBSE board examination!!!
Then test your preparations here by solving Economics Sample Paper CBSE 2013, given here
Unit 2: Consumer Equilibrium and Demand
Consumer's equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer's equilibrium using marginal utilityanalysis.
Indifference curve analysis of consumer's equilibrium-the consumer's budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer's equilibrium.
Demand, market demand, determinants of demand, demand schedule, demand curve, movement along and shifts in the demand curve; price elasticity of demand - factors affecting price elasticity of demand;measurenment of price elasticity of demand – (a) percentage-change method and (b) geometric method (linear demand curve); relationship betweenprice elasticity of demand and total expenditure.
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