Theoretical questions
Brief Answer Questions
- What is meant by movement along a supply curve ?[2076]
- Point out any three causes which shift in supply curve ?[2073]
- List out any five determinants of demand ?[2072]
- Point out the determinants of supply ?[2071]
- 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 ?[2076]
- Describe the determinants of supply ?[2075]
- Explain the concept of linear and non linear demand function ? Explain the various determinants of demand ?[2074]
- Explain the major factors which influence the demand for commodity ?[2073]
- 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
Numerical problems
1 . Let ,demand function Qdx=100-5Px, supply function=20+5P . Determine equilibrium price and quantity ? [2075]
2 . suppose demand function (Qd)=500-10P and supply supply function (Qs)=50+20P . Find the equilibrium price and quantity [2074]
3 . Let autonomous demand =200 , The slope of the demand curve = -5 .Derive linear demand function[2072]
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 ?[2071]