Elementary Theory Of Demand — Important Questions
ICSE · Class 12 · Economics
70 important questions from Elementary Theory Of Demand for ICSE Class 12 Economics, with answers. Includes multiple choice and multiple correct questions.
Interactive on Super Tutor
Studying Elementary Theory Of Demand? Get the full interactive chapter.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for important questions and more.
Free trial, no card needed.
Important Questions from Elementary Theory Of Demand
Which of the following is an example of substitute goods?
Show answer
Tea and coffee
Substitute goods can be used in place of one another, and tea and coffee are a standard example.
Which pair is a complementary good pair?
Show answer
Car and petrol
Complementary goods are jointly demanded to satisfy a want, and car and petrol are a standard example.
How does a rise in the price of tea affect the demand for coffee?
Show answer
It raises the demand for coffee
Tea and coffee are substitutes, so a rise in tea price increases demand for coffee.
How does a rise in the price of car affect the demand for petrol?
Show answer
It reduces the demand for petrol
Car and petrol are complements, so a rise in car price reduces demand for petrol.
+66 more questions on Elementary Theory Of Demand (ICSE Class 12 Economics)
Practise AllFrequently Asked Questions
What are the important topics in Elementary Theory Of Demand for ICSE Class 12 Economics?
How many important questions are there in Elementary Theory Of Demand?
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Elementary Theory Of Demand
Practice Quiz
Test yourself with a quick quiz
Revision Notes
Key points for last-minute revision
Formula Sheet
The chapter's formulas in one place
Chapter Summary
Understand the chapter at a glance
Concept Maps
See how topics connect
Study Plan
Step-by-step plan for this chapter
Flashcards
Quick-fire cards for active recall
Syllabus
What topics to cover
For serious students
Get the full Elementary Theory Of Demand chapter — start free.
Quizzes, flashcards, an AI doubt solver and a study plan for ICSE Class 12 Economics. Free to start, no card needed.