Chapter 6
Demand and Supply
Multiple Choice Questions
1. Demand for a commodity is effective when there is
āϏাāĻŽāĻ্ā§°ী āĻāĻাā§° āĻাāĻšিāĻĻা āĻাā§°্āϝāĻā§°ী āĻšāϝ় āϝেāϤিāϝ়া āĻĨাāĻে
(a) Desire to buy
āĻ্ā§°āϝ় āĻā§°াā§° āĻāĻাংāĻ্āώা
(b) Capacity to Buy
āĻ্ā§°āϝ় āĻā§°াā§° āĻ্āώāĻŽāϤা
(c) Both of them.
āϤেāĻঁāϞোāĻ āĻĻুāϝ়ো।
Answer: (c) Both of them. (āϤেāĻঁāϞোāĻ āĻĻুāϝ়ো।)।
2. Demand is direct in case indicates
āϝāĻĻি āĻংāĻিāϤ āĻĻিāϝ়ে āĻাāĻšিāĻĻা āĻĒোāύāĻĒāĻীāϝ়া āĻšāϝ়
(a) Cotton
āĻāĻĒাāĻš
(b) Motor bike
āĻŽāĻā§° āĻŦাāĻāĻ
(c) Labour
āĻļ্ā§°āĻŽ
(d) Machine
āϝāύ্āϤ্ā§°
Answer: (b) Motor bike (āĻŽāĻā§° āĻŦাāĻāĻ)।
3. Law of demand indicates
āĻাāĻšিāĻĻাā§° āύিāϝ়āĻŽে āϏূāĻাāϝ়
(a) More demand at the same price
āĻāĻে āĻŽূāϞ্āϝāϤ āĻ āϧিāĻ āĻাāĻšিāĻĻা
(b) More demand at the higher price
āĻ āϧিāĻ āĻŽূāϞ্āϝāϤ āĻ āϧিāĻ āĻাāĻšিāĻĻা
(c) More demand at the lower price.
āĻāĻŽ āĻŽূāϞ্āϝāϤ āĻ āϧিāĻ āĻাāĻšিāĻĻা।
Answer:
4. Extension in demand means
āĻাāĻšিāĻĻা āϏāĻŽ্āĻĒ্ā§°āϏাā§°āĻŖā§° āĻ ā§°্āĻĨ āĻšৈāĻে
(a) Same demand at lower price
āĻāĻŽ āĻĻাāĻŽāϤ āĻāĻেāĻ āĻাāĻšিāĻĻা
(b) More demand at lower price
āĻāĻŽ āĻŽূāϞ্āϝāϤ āĻ āϧিāĻ āĻাāĻšিāĻĻা
(c) Less demand at lower price.
āĻāĻŽ āĻŽূāϞ্āϝāϤ āĻāĻŽ āĻাāĻšিāĻĻা।
Answer: (b) More demand at lower price (āĻāĻŽ āĻŽূāϞ্āϝāϤ āĻ āϧিāĻ āĻাāĻšিāĻĻা)।
5. Contraction in demand occurs when there is
āĻাāĻšিāĻĻা āϤāϏংāĻোāĻāύ āĻšāϝ় āϝেāϤিāϝ়া āĻĨাāĻে
(a) Less demand at higher price
āĻ āϧিāĻ āĻŽূāϞ্āϝāϤ āĻāĻŽ āĻাāĻšিāĻĻা
(b) Same demand at the higher price
āĻāĻ্āĻ āĻŽূāϞ্āϝāϤ āĻāĻেāĻ āĻাāĻšিāĻĻা
(c) Less demand at lower price
āĻāĻŽ āĻŽূāϞ্āϝāϤ āĻāĻŽ āĻাāĻšিāĻĻা
Answer: (a) Less demand at higher price (āĻ āϧিāĻ āĻŽূāϞ্āϝāϤ āĻāĻŽ āĻাāĻšিāĻĻা)।
6. Decrease in demand occurs when there is
āĻাāĻšিāĻĻা āĻš্ā§°াāϏ āĻšāϝ় āϝেāϤিāϝ়া āĻĨাāĻে
(a) Less demand at the same price
āĻāĻে āĻĻাāĻŽāϤ āĻāĻŽ āĻাāĻšিāĻĻা
(b) Less demand at the higher price
āĻāĻ্āĻ āĻŽূāϞ্āϝāϤ āĻāĻŽ āĻাāĻšিāĻĻা
(c) Neither of the two
āĻĻুāϝ়োāĻাā§° āĻোāύোāĻোā§ąেāĻ āύāĻšāϝ়
Answer: (a) Less demand at the same price (āĻāĻে āĻĻাāĻŽāϤ āĻāĻŽ āĻাāĻšিāĻĻা)।
7. Increase in demand occurs when there is
āĻাāĻšিāĻĻা āĻŦৃāĻĻ্āϧি āĻšāϝ় āϝেāϤিāϝ়া āĻĨাāĻে
(a) More demand at the same price
āĻāĻে āĻŽূāϞ্āϝāϤ āĻ āϧিāĻ āĻাāĻšিāĻĻা
(b) Same demand at a higher price
āĻ āϧিāĻ āĻŽূāϞ্āϝāϤ āĻāĻেāĻ āĻাāĻšিāĻĻা
(c) Both of them
āĻĻুāϝ়োāĻা
Answer: (c) Both of them (āĻĻুāϝ়োāĻা)।
8. Law of supply refers to
āϝোāĻাāύ⧰ āύিāϝ়āĻŽāĻŽাāύে āĻŦুāĻাāϝ়
(a) More supply at lower price
āĻāĻŽ āĻŽূāϞ্āϝāϤ āĻ āϧিāĻ āϝোāĻাāύ
(b) Less supply at higher price
āĻ āϧিāĻ āĻŽূāϞ্āϝāϤ āĻāĻŽ āϝোāĻাāύ
(c) More supply at higher price
āĻ āϧিāĻ āĻŽূāϞ্āϝāϤ āĻ āϧিāĻ āϝোāĻাāύ
Answer: (c) More supply at higher price (āĻ āϧিāĻ āĻŽূāϞ্āϝāϤ āĻ āϧিāĻ āϝোāĻাāύ)।
9. The increase in supply occurs when there is
āϝোāĻাāύ āĻŦৃāĻĻ্āϧি āĻšāϝ় āϝেāϤিāϝ়া āĻĨাāĻে
(a) More supply at the lower price
āĻāĻŽ āĻŽূāϞ্āϝāϤ āĻ āϧিāĻ āϝোāĻাāύ
(b) Same supply at the lower price
āĻāĻŽ āĻĻাāĻŽāϤ āĻāĻেāĻ āϝোāĻাāύ
(c) Neither of the two
āĻĻুāϝ়োāĻাā§° āĻোāύোāĻোā§ąেāĻ āύāĻšāϝ়
Answer: (b) Same supply at the lower price (āĻāĻŽ āĻĻাāĻŽāϤ āĻāĻেāĻ āϝোāĻাāύ)।
Very Short Answer Type Questions
āĻ āϤি āĻāĻŽু āĻāϤ্āϤ⧰ āĻĒ্ā§°āĻাā§°ā§° āĻĒ্ā§°āĻļ্āύ
1. Define demand.
āĻাāĻšিāĻĻা āύিā§°্āϧাā§°āĻŖ āĻā§°া।
Answer:
2. What is price demand?
āĻŽূāϞ্āϝ⧰ āĻাāĻšিāĻĻা āĻিāĻŽাāύ?
Answer:
3. What is income demand?
āĻāĻĒাā§°্āĻāύ⧰ āĻাāĻšিāĻĻা āĻিāĻŽাāύ?
Answer:
4. What is the meaning of cross demand?
āĻ্ā§°āĻ āĻĄিāĻŽাāĻŖ্āĻĄā§° āĻ ā§°্āĻĨ āĻি?
Answer:
5. What is demand function?
āĻাāĻšিāĻĻা āĻাā§°্āϝ āĻি?
Answer:
6. What is the law of demand?
āĻাāĻšিāĻĻাā§° āύিāϝ়āĻŽ āĻি?
Answer:
7. Give the meaning of extension in demand.
āĻাāĻšিāĻĻাāϏāĻŽ্āĻĒ্ā§°āϏাā§°āĻŖā§° āĻ ā§°্āĻĨ āĻĻিāϝ়āĻ।
Answer:
8. What is contraction in demand?
āĻাāĻšিāĻĻাāϤ āϏংāĻোāĻāύ āĻি?
Answer:
9. Define increase in demand.
āĻাāĻšিāĻĻা āĻŦৃāĻĻ্āϧিā§° āϏংāĻ্āĻা āĻĻিāϝ়āĻ।
Answer:
10. What is meant by decrease in demand?
āĻাāĻšিāĻĻা āĻš্ā§°াāϏ āĻšোā§ąাā§° āĻ ā§°্āĻĨ āĻি?
Answer:
11. What is law of supply?
āϝোāĻাāύ⧰ āύিāϝ়āĻŽ āĻি?
Answer:
12. What is extension in supply.
āϝোāĻাāύāϤ āϏāĻŽ্āĻĒ্ā§°āϏাā§°āĻŖ āĻি।
Answer:
13. Define contraction in supply?
āϝোāĻাāύāϤ āϏংāĻোāĻāύ āύিā§°্āϧাā§°āĻŖ āĻā§°িāĻŦ āύেāĻি?
Answer:
14. What is increase in supply?
āϝোāĻাāύ āĻিāĻŽাāύ āĻŦৃāĻĻ্āϧি āĻšāϝ়?
Answer:
15. What is the meaning of decrease in supply?
āϝোāĻাāύ āĻš্ā§°াāϏ āĻšোā§ąাā§° āĻ ā§°্āĻĨ āĻি?
Answer:
Short Answer Type Questions
āĻāĻŽু āĻāϤ্āϤ⧰āĻĒ্ā§°āĻাā§°ā§° āĻĒ্ā§°āĻļ্āύ
1. What are price demand and income demand?
āĻŽূāϞ্āϝ⧰ āĻাāĻšিāĻĻা āĻā§°ু āĻāĻĒাā§°্āĻāύ⧰ āĻাāĻšিāĻĻা āĻি?
Answer:
2. What is meant by joint and composite demand?
āϝৌāĻĨ āĻā§°ু āϝৌāĻিāĻ āĻাāĻšিāĻĻাā§° āĻ ā§°্āĻĨ āĻি?
Answer:
3. Distinguish between direct and derived demand.
āĻĒ্ā§°āϤ্āϝāĻ্āώ āĻā§°ু āĻĒ্ā§°াāĻĒ্āϤ āĻাāĻšিāĻĻাā§° āĻŽাāĻāϤ āĻĒাā§°্āĻĨāĻ্āϝ āĻā§°া।
Answer:
4. What is individual demand schedule?
āĻŦ্āϝāĻ্āϤিāĻāϤ āĻাāĻšিāĻĻাā§° āϏāĻŽāϝ়āϏূāĻী āĻি?
Answer:
5. Give the meaning of the law of demand.
āĻাāĻšিāĻĻাā§° āύিāϝ়āĻŽā§° āĻ ā§°্āĻĨ āĻĻিā§া।
Answer:
6. Distinguish between extension and increase in demand.
āϏāĻŽ্āĻĒ্ā§°āϏাā§°āĻŖ āĻā§°ু āĻাāĻšিāĻĻা āĻŦৃāĻĻ্āϧিā§° āĻŽাāĻāϤ āĻĒাā§°্āĻĨāĻ্āϝ āĻā§°া।
Answer:
7. Differentiate between contraction and decrease in demand.
āϏংāĻোāĻāύ āĻā§°ু āĻাāĻšিāĻĻা āĻš্ā§°াāϏ⧰ āĻŽাāĻāϤ āĻĒাā§°্āĻĨāĻ্āϝ āĻā§°া।
Answer:
8. Give the meaning of supply and supply function.
āϝোāĻাāύ āĻā§°ু āϝোāĻাāύ āĻĢাংāĻāύ⧰ āĻ ā§°্āĻĨ āĻĻিāϝ়া।
Answer:
9. State the law of supply. What are its assumptions?
āϝোāĻাāύ⧰ āύিāϝ়āĻŽ āĻāϞ্āϞেāĻ āĻā§°া। āĻāϝ়াā§° āϧাā§°āĻŖাāĻŦোā§° āĻি?
Answer:
10. What is the difference between extension and contraction in supply?
āϝোāĻাāύ⧰ āϏāĻŽ্āĻĒ্ā§°āϏাā§°āĻŖ āĻā§°ু āϏংāĻোāĻāύ⧰ āĻŽাāĻāϤ āĻĒাā§°্āĻĨāĻ্āϝ āĻি?
Answer:
11. Distinguish between increase and decrease in supply.
āϝোāĻাāύ āĻŦৃāĻĻ্āϧি āĻā§°ু āĻš্ā§°াāϏ⧰ āĻŽাāĻāϤ āĻĒাā§°্āĻĨāĻ্āϝ āĻā§°া।
Answer:
Long Answer Type Questions
āĻĻীāĻāϞীāϝ়া āĻāϤ্āϤ⧰⧰ āĻĒ্ā§°āĻļ্āύ
1. What are the types of demand?
āĻাāĻšিāĻĻাā§° āĻĒ্ā§°āĻাā§°āĻŦোā§° āĻি?
Answer:
2. Explain briefly the individual and market demand schedules.
āĻŦ্āϝāĻ্āϤিāĻāϤ āĻā§°ু āĻŦāĻাā§°ā§° āĻাāĻšিāĻĻাā§° āϏāĻŽāϝ়āϏূāĻী āĻāĻŽুāĻৈ āĻŦā§°্āĻŖāύা āĻā§°া।
Answer:
3. Explain the law of demand with the help of labelled diagram.
āϞেāĻŦেāϞ āϝুāĻ্āϤ āύāĻ্āϏাā§° āϏāĻšাāϝ়āϤ āĻাāĻšিāĻĻাā§° āύিāϝ়āĻŽāĻŦ্āϝাāĻ্āϝা āĻā§°া।
Answer:
4. Explain the causes of the downward slops of demand curve.
āĻাāĻšিāĻĻা āĻŦāĻ্ā§°ā§° āϤāϞ⧰ āϏ্āϞāĻĒā§° āĻাā§°āĻŖāĻŦোā§° āĻŦā§°্āĻŖāύা āĻā§°া।
Answer:
5. Explain the changes in demand.
āĻাāĻšিāĻĻাā§° āĻĒā§°িā§ąā§°্āϤāύāĻŦোā§° āĻŦā§°্āĻŖāύা āĻā§°া।
Answer:
6. What are the factors which causes shifts in demand curve?
āĻাāĻšিāĻĻা āĻŦāĻ্ā§°ā§° āĻĒā§°িā§ąā§°্āϤāύ⧰ āĻাā§°āĻŖāĻŦোā§° āĻি āĻি?
Answer:
7. "All inferior goods are not Giffen goods. Give reasons to support your answer.
"āϏāĻāϞো āύিāĻŽ্āύāĻŽাāύ⧰ āϏাāĻŽāĻ্ā§°ী āĻিāĻĢেāύ āϏাāĻŽāĻ্ā§°ী āύāĻšāϝ়। āĻāĻĒোāύাā§° āĻāϤ্āϤ⧰ āϏāĻŽā§°্āĻĨāύ āĻā§°াā§° āĻাā§°āĻŖ āĻĻিāϝ়া।
Answer:
8. Give the meaning of supply, supply function and supply schedule.
āϝোāĻাāύ, āϝোāĻাāύ āĻাā§°্āϝ āĻā§°ু āϝোāĻাāύ⧰ āϏāĻŽāϝ়āϏূāĻীā§° āĻ ā§°্āĻĨ āĻĻিāϝ়āĻ।
Answer:
9. Distinguish between the following: (i) Extension and contraction in supply, (ii) Increase and decrease in supply.
āύিāĻŽ্āύāϞিāĻিāϤāĻŦোā§°ā§° āĻŽাāĻāϤ āĻĒাā§°্āĻĨāĻ্āϝ: (āĻāĻ) āϝোāĻাāύ⧰ āϏāĻŽ্āĻĒ্ā§°āϏাā§°āĻŖ āĻā§°ু āϏংāĻোāĻāύ, (āĻāĻāĻāĻ) āϝোāĻাāύ āĻŦৃāĻĻ্āϧি āĻā§°ু āĻš্ā§°াāϏ।
Answer:
Very Long Answer Type Questions
āĻ āϤি āĻĻীāĻāϞীāϝ়া āĻāϤ্āϤ⧰⧰ āĻĒ্ā§°āĻļ্āύ
1. What is meant by demand? What are its kinds?
āĻাāĻšিāĻĻাā§° āĻ ā§°্āĻĨ āĻি? āĻāϝ়াā§° āĻĒ্ā§°āĻাā§°āĻŦোā§° āĻি?
Answer:
2. Explain clearly the law of demand. Why does it apply? What are its exceptions?
āĻাāĻšিāĻĻাā§° āύিāϝ়āĻŽāϏ্āĻĒāώ্āĻāĻাā§ąে āĻŦā§°্āĻŖāύা āĻā§°া। āĻāĻāĻো āĻিāϝ় āĻĒ্ā§°āϝোāĻ্āϝ āĻšāϝ়? āĻāϝ়াā§° āĻŦ্āϝāϤিāĻ্ā§°āĻŽāĻŦোā§° āĻি?
Answer:
3. Make a distinguish between the following:
āύিāĻŽ্āύāϞিāĻিāϤāĻŦোā§°ā§° āĻŽাāĻāϤ āĻĒাā§°্āĻĨāĻ্āϝ āĻāĻা āĻā§°া:
(i) Extension and increase in demand.
āϏāĻŽ্āĻĒ্ā§°āϏাā§°āĻŖ āĻā§°ু āĻাāĻšিāĻĻা āĻŦৃāĻĻ্āϧি।
(ii) Contraction and decrease in demand.
āϏংāĻোāĻāύ āĻā§°ু āĻাāĻšিāĻĻা āĻš্ā§°াāϏ।
Answer:
4. What are the changes in demand? What factors cause changes in demand?
āĻাāĻšিāĻĻাā§° āĻĒā§°িā§ąā§°্āϤāύāĻŦোā§° āĻি? āĻি āĻাā§°āĻā§° āĻĢāϞāϤ āĻাāĻšিāĻĻাā§° āĻĒā§°িā§ąā§°্āϤāύ āĻšāϝ়?
Answer:
5. Explain clearly the changes in supply.
āϝোāĻাāύ⧰ āĻĒā§°িā§ąā§°্āϤāύāĻŦোā§° āϏ্āĻĒāώ্āĻāĻৈ āĻŦā§°্āĻŖāύা āĻā§°া।
Answer:
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