BA Marathi And English SEM I 2023 2024 2024 ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Answer Any Two of the following questions. 20 marks
   • A. What is Microeconomics? Write the scope of Microeconomics
   • B. Explain the role of price mechanism in a Market Economy
   • C. Explain following tools for economic analysis
   • 1. Function 2. Graphs
2. Q2 Answer Any Two of the following questions. 20 marks
   • A. Explain the significance of opportunity cost in decision making
   • B. Write the benefits of exchange in economics
   • C. Discuss the relationship between the growth in quantity of money and inflation
3. Q3 Answer Any Two of the following questions. 20 marks
   • A. Explain the shifts in Demand Curve
   • B. How the price equilibrium is determined in the market
   • C. concept of Income Elasticity of Demand
4. Q4 Answer Any Two of the following questions. 20 marks
   • A. What is indifference curve? Explain it with the help of a diagram
   • B. Explain Price Effect with the help of a diagram
   • C. State and explain the concept of Consumer's Surplus with the help of suitable examples,
5. Q5 Write explanatory notes on Any Two of the following questions. 20 marks
   • B. Responses to Incentives
   • C. Shifts in Supply Curve

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