NCERT Solutions for Class 12 Micro Economics Demand

NCERT Solutions for Class 12 Micro Economics Demand

NCERT Solutions for Class 12 Micro Economics Demand is designed and prepared by the best teachers across India. All the important topics are covered in the exercises and each answer comes with a detailed explanation to help students understand concepts better. These NCERT solutions play a crucial role in your preparation for all exams conducted by the CBSE, including the JEE.

NCERT TEXTBOOK QUESTIONS SOLVED

Ans. Demand is a quantity of a commodity that a consumer wishes to purchase at a given level of price and during a specified period of time.

Ans. Market demand refers to the quantity of a commodity that all the consumers are willing and able to buy, at a particular price during a given period of time.

Ans. Complementary goods.

Ans. Substitute goods.

Ans. The demand curve of a car will shift to the left.

Ans. Inferior good.

Ans. It states that price of the commodity and quantity demanded are inversely related to each other when other factors remain constant (ceteris Paribus)

Ans. Expansion in demand.

Ans. If demand changes due to the change in factors other than price, it is known as change in demand.

Ans. Rise in price of goods and fall in quantity demanded i.e., Contraction in demand.

Ans. Change in price of substitute goods.

Ans. The quantity of a good that the buyers demand for is determined by the price of the goods, income, the prices of related goods, tastes, expectations, and the number of buyers.

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