Important Questions Class 12 Micro Economics
Important Questions Class 12 Micro Economics
Class 12 is a crucial point in any student’s life. The result of the board examination will decide their future course. Important questions class 12 Micro Economics, prepared by our Extramarks professionals, are well-researched and beneficial to students throughout exams. These important questions lay the groundwork for boards and other competitive examinations.
All materials such as NCERT books, CBSE revision notes, CBSE sample papers, CBSE past years’question papers and many more are available to the students for free on Extramarks under economics class 12 important questions. Our solutions are as per the CBSE syllabus. We have used exclusive content to make it easy and grasping for the students.
What Chapters Are Covered in Important Questions Class 12 Micro Economics?
There are six chapters in the NCERT Microeconomics textbook. Since the syllabus is vast, Microeconomics can confuse some students. Preparation from the beginning and constant practice is a must for anyone to score well.
Below are the chapters from the NCERT textbook of Class 12 Micro Economics:
- Introduction to Microeconomics
- Theory of Consumer Behaviour
- Productions and Costs
- Theory of a firm under Perfect Competition
- Market Equilibrium
- Non-Competitive Markets
Important Questions Class 12 Micro Economics – Chapter-Wise Questions
Micro Economics for class 12 is a broad subject because it is a subset of economics that looks at things more minutely than macroeconomics. Students will get a brief yet detailed introduction to Micro economics, different types of markets, details of consumer behaviour, productions and costs, and much more.
Extramarks give you access to all the class 12 Micro Economics important questions prepared by professional Economic specialists. Click on the links below for chapter wise questions and solutions below to check the CBSE Micro Economics class 12 important questions:
Class 12 important questions Microeconomics helps the students in their final revision. Explore other sections of our Extramarks website and get exclusive updates and information about forthcoming examinations.
Benefits of Solving Important Questions Class 12 Micro Economics
Microeconomics is a tricky subject to master on your own. Students can use appropriate guidance materials, such as those found in Extramarks, to get the best possible results. Some of the advantages of solving important questions for class 12 microeconomics are as follows:
- It can assist students in making better use of their time, increasing their confidence via consistent practice, and properly scheduling their preparation.
- Important questions can be used and practised by students to help them succeed in their exams.
- It gives students a framework through which to study for their upcoming exams.
- This is an important topic for high school students to learn about, and it is also important in further education.
FAQs (Frequently Asked Questions)
1. What causes a convex indifference curve?
A declining marginal rate of substitution causes a convex indifference curve. As customers begin to increase their consumption of one good over another, the indifference curves become convex to the base; when people begin to consume one product at a higher rate than other commodities, the MRS drops.
2. What are the effects of price ceiling?
A price ceiling can be described as a direct effect of black marketing. It refers to a situation in which a government-controlled item is unlawfully sold at a higher price than that established by the government. It might happen as a result of the existence of customers who are prepared to pay a higher price for a product rather than going without it.
