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Important Questions

Elementary Theory of Demand

ICSE · Class 10 · Economic Application

Most important questions from Elementary Theory of Demand for ICSE Class 10 Economic Application board exam 2026. MCQs, short answer, and long answer questions with marks.

65 questions40 flashcards5 concepts

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65 Questions·
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Sample Questions

1multiple correct
1 marks

Which of the following are conditions of demand?

Show answer

Desire for a commodity, Ability to pay, Willingness to pay

Demand requires three conditions: desire, ability to pay, and willingness to pay. Having the commodity already is not one of the conditions.

2multiple correct
1 marks

Demand should always be stated with reference to which two things?

Show answer

Price, Time period

Demand is a relative concept and must be stated with reference to a particular price and a specified time period.

3multiple correct
1 marks

Which of the following are examples of joint demand?

Show answer

Printer and ink, Car and petrol, Mobile and SIM card

Joint demand is demand for goods used together. Printer and ink, car and petrol, and mobile and SIM card are all such examples.

4multiple correct
1 marks

Which of the following are examples of composite demand?

Show answer

Milk, Land, Mobile phone

Milk, land, and mobile phone can all be used for more than one purpose, so they show composite demand.

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Frequently Asked Questions

What are the important topics in Elementary Theory of Demand for ICSE Class 10 Economic Application?
Elementary Theory of Demand covers several key topics that are frequently asked in ICSE Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Elementary Theory of Demand — ICSE Class 10 Economic Application?
Understand the core concepts first, then work through the 65 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Elementary Theory of Demand?
There are 65 practice questions available for Elementary Theory of Demand. These cover multiple question types including MCQs, short answer, and long answer questions.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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