B.A. (Sem - I) Examination
March / April - 2019
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Economics Paper - 1
(Micro Economics Paper - 1)(Core Course)
Time: 2 Hours | | Total Marks: 50
Instructions:
- Fill up strictly the details of @ signs on your answer book
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Name of the Examination: B.A. (Sem - 1) Examination
Name of the Subject : Economics Paper - 1
Subject Code No.: 1801000101040071 Student’s Signature
- All questions are compulsory.
- Figures to the right indicate full marks.
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- Answer the following question briefly. 10
- Give the wealth oriented definition of economics.
- What is expansion and contraction of supply ?
- State the methods of measuring price elasticity of demand.
- What is marginal rate of substitution ?
- What is indifference curve map ?
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- “Economics is a science of scarcity and choice." - Explain. 13
OR
What is demand ? state the assumptions of law of demand. - Explain the law of demand with the help of diagram and discuss its exceptions. 13
-
- Discuss the factors affecting price elasticity of demand.
- Explain the concept of income elasticity of demand.
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OR
What is consumer's surplus ? Explain the concept of consumer's surplus with illustration; state the importance and limitation of this concept. 13 - Write Short note : (Any Two) 14
- Scope and importance of micro economics.
- Demand function.
- Factors affecting supply.
- Law of diminishing marginal rate of substitution.
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This download link is referred from the post: VNSGU BA Last 10 Years 2011-2021 Previous Question Papers (Veer Narmad South Gujarat University)