Brief Answer Questions
- What is meant by movement along a supply curve ?
- Point out any three causes which shift in supply curve ?
- List out any five determinants of demand ?
- Point out the determinants of supply ?
- What is price ceiling(maximum price)?
- What is price floor(minimum price)?
- Define market efficiency ?
- What is consumer surplus ?
- What is producer’s surplus ?
Descriptive Answer Question
- Describe the types of demand function ?
- Describe the determinants of supply ?
- Explain the concept of linear and non linear demand function ? Explain the various determinants of demand ?
- Explain the major factors which influence the demand for commodity ?
- Explain the effect of government policy in the market equilibrium ?
- what is market efficiency ? how do you measure market efficiency by the help of consumers surplus ? Explain
1 . Let ,demand function Qdx=100-5Px, supply function=20+5P . Determine equilibrium price and quantity ? 
2 . suppose demand function (Qd)=500-10P and supply supply function (Qs)=50+20P . Find the equilibrium price and quantity 
3 . Let autonomous demand =200 , The slope of the demand curve = -5 .Derive linear demand function
4 . The following schedule shows the amount of sandwich bought by a household of Nepal at different prices
Does the behavior of the household contract the law of demand ? Give reason for your answer ?