CBSE Class 11 Market Equilibrium Important Questions
Practice CBSE Class 11 Market Equilibrium with important board-style questions with answer guidance. Original study material by Smit Sir Commerce; not an official CBSE paper.
Board: CBSE · Class: 11 · Subject: Economics · Access: Free
Important board-style questions
Q1. Explain or apply Equilibrium price and quantity.
Begin with the meaning, write the key points in order and connect the answer to Market Equilibrium. Show adjustment from disequilibrium to equilibrium.
Q2. Explain or apply Excess demand and excess supply.
Begin with the meaning, write the key points in order and connect the answer to Market Equilibrium. Use diagrams to analyse shifts one at a time.
Q3. Explain or apply Effects of changes in demand.
Begin with the meaning, write the key points in order and connect the answer to Market Equilibrium. Explain binding price controls and their likely market effects.
Q4. Explain or apply Effects of changes in supply.
Begin with the meaning, write the key points in order and connect the answer to Market Equilibrium. Show adjustment from disequilibrium to equilibrium.
Q5. Explain or apply Price ceiling and price floor.
Begin with the meaning, write the key points in order and connect the answer to Market Equilibrium. Use diagrams to analyse shifts one at a time.
These are original revision prompts and are not claimed previous-year CBSE questions.
Continue learning
Practice material is original unless a source is explicitly identified. Original questions are not represented as official CBSE or previous-year questions.