Solve 2012 CBSE-Economics Question Paper (Set-1) given here.
1. Define microeconomics.
2. Give one reason for a shift in demand curve.
3. What is the behavior of Total Variable Cost, as output increases?
4. What is the behaviour of Marginal Revenue in a market in which a firm can sell any quantity of the output it produces at a given price?
5. What is a price-maker firm?
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