The Price Puzzle : What Drives the Market — Important Questions
CBSE · Class 9 · Social Science
83 important questions from The Price Puzzle : What Drives the Market for CBSE Class 9 Social Science, with answers.
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Important Questions from The Price Puzzle : What Drives the Market
At what price did Srivalli buy 3 kg of mangoes?
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₹50
When the price fell to ₹50 per kg, Srivalli bought 3 kg.
Which demand schedule matches Srivalli's individual demand?
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₹150 = 1 kg, ₹100 = 2 kg, ₹50 = 3 kg
Srivalli's demand rises as the price falls: 1 kg at ₹150, 2 kg at ₹100, and 3 kg at ₹50.
What is the name of the graph formed by connecting points A, B, and C for Srivalli's demand?
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DD' curve
The downward-sloping individual demand curve for Srivalli is called DD'.
What does the x-axis represent in the demand curve for mangoes?
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Quantity demanded of mangoes in kg
In the demand graph, the x-axis shows quantity demanded and the y-axis shows price.
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- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
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