MP Board Class-12 Economics Question answer collection & Notes page number 6

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51. Match the columns : (i) Substitutes goods (a) Ultimate consumers (ii) Complements goods (b) Tea and Coffee
52. Answer in one sentence : (i) When was the World Bank established ? (ii) What is the relationship between demand and price of a
53. What is the central problem of an economy ?
54. Write any two differences between a centrally planned economy and market economy.
55. A market where there are only two consumers and suppose their demands for the goods are given as follows :
56. What is the inferior goods ? Give examples.
57. What is the price elasticity of supply ?
58. What is the supply curve of a firm in the long run ?
59. Explain the market equilibrium price,
60. What is the price floor ? Give example.
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