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Micro Q Bank 1. What isMicroeconomicsandmacroeconomics? 2. State any twousesof the studyof microeconomics? 3. ExplainNature andscope of BusinessEconomics? 4. Distinguishbetweenpositive andnormative economics 5. Explainvarioustypesof price elasticityof demandwiththe helpof diagrams. 6. Compare and contrastthe marginal utilityapproachwiththe indifference curve approachin understandingconsumerbehaviour. 7. State and explainwithsuitablediagramsthe law of demand.Whatare the reasonsforthe downward slope of the demand? 8. Distinguishbetweencardinal andordinal utility 9. What isDemandforecastingandexplainitsmethods? 10. . What ismeantby change in supplyandchange inquantitysupplied? 11. A goodis an 'inferior'goodforone and at the same time 'normal 'good foranother consumer.Doyou agree?Explainwiththe helpof anexample. 12. Case Study (Check Attachment)

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Micro Q bank.docx

  • 1. Micro Q Bank 1. What isMicroeconomicsandmacroeconomics? 2. State any twousesof the studyof microeconomics? 3. ExplainNature andscope of BusinessEconomics? 4. Distinguishbetweenpositive andnormative economics 5. Explainvarioustypesof price elasticityof demandwiththe helpof diagrams. 6. Compare and contrastthe marginal utilityapproachwiththe indifference curve approachin understandingconsumerbehaviour. 7. State and explainwithsuitablediagramsthe law of demand.Whatare the reasonsforthe downward slope of the demand? 8. Distinguishbetweencardinal andordinal utility 9. What isDemandforecastingandexplainitsmethods? 10. . What ismeantby change in supplyandchange inquantitysupplied? 11. A goodis an 'inferior'goodforone and at the same time 'normal 'good foranother consumer.Doyou agree?Explainwiththe helpof anexample. 12. Case Study (Check Attachment)