1. Define 'demand'. Discuss different types of demand.

2. Explain the law of demand. Discuss some practical applications of law of demand.

3. Distinguish between direct and derived demand with help of suitable examples.

4. Examine the impact of increase in prices of a good on its: (a) Substitutes (b) Complements

5. "Demand for everything in this world is a derived demand." Discuss

6. It is generally believed that when fares of airlines go up, the demand for railway travel also goes up? Does this seem logical to you?

7. Explain the downward sloping shape of demand curve.

8. It was noticed that even though the price of salt went up, there was no fall in demand. Can you explain, why?

9. Explain the income effect and substitution effect with help of suitable examples.

10. Draw a demand curve based on following data- Number of units demanded of X: 35, 46, 67, 89, 90 and 120 and respective prices: 40, 45, 50, 55, 60 and 65.

Define 'demand'. Discuss different types of demand. 2. Explain the law of demand. Discuss some practical applications of law of demand 3. Distinguish between direct and derived demand with help of suitable examples. 4. Examine the impact of increase in prices of a good on its: (a) Substitutes (b) Complements 5. "Demand for everything in this world is a derived demand." Discuss 6. It is generally believed that when fares of airlines go up, the demand for railway travel also goes up? Does this seem logical to you? 7. Explain the downward sloping shape of demand curve. 8. It was noticed that even though the price of salt went up, there was no fall in demand. Can you explain, why? 9. Explain the income effect and substitution effect with help of suitable examples. 10. Draw a demand curve based on following data- Number of units demanded of X: 35, 46, 67, 89, 90 and 120 and respective prices: 40, 45, 50, 55, 60 and 65