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Assertion and Reasoning Class 11 - Micro Economics
Assertion and Reasoning Class 11 - Micro Economics
a) Both Assertion (A) and Reason (R) are true and Reason (R)
is correct explanation of Assertion (A)
b) Both Assertion (A) and Reason (R) are true and Reason (R) is
Not the correct explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is false.
d) Assertion (A) is false but Reason (R) is true.
a) Both Assertion (A) and Reason (R) are true and Reason (R) is
correct explanation of Assertion (A)
b) Both Assertion (A) and Reason (R) are true and Reason (R) is
Not the correct explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is false.
d) Assertion (A) is false but Reason (R)is true.
4. ASSERTION (A): MU can never be Negative
REASON (R): MU can become negative when TU falls with
increase in consumption of a commodity
a) Both Assertion (A) and Reason (R) are true and Reason (R)
is correct explanation of Assertion (A)
b) Both Assertion (A) and Reason (R) are true and Reason (R) is
Not the correct explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is false.
d) Assertion (A) is false but Reason (R) is true.
a) Both Assertion (A) and Reason (R) are true and Reason (R) is
correct explanation of Assertion (A)
b) Both Assertion (A) and Reason (R) are true and Reason (R) is
Not the correct explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is false.
d) Assertion (A) is false but Reason (R) is true.
a) Both Assertion (A) and Reason (R) are true and Reason (R)
is correct explanation of Assertion (A)
b) Both Assertion (A) and Reason (R) are true and Reason (R) is
Not the correct explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is false.
d) Assertion (A) is false but Reason (R) is true.
CASE STUDY -I
CASE STUDY – V
Mr. Ram wants to consume 2 goods. The Price of the 2 goods is
Rs 4 and Rs 5 respectively. His income is Rs 20.
1. Write down the Equation of the Budget line.
4X + 5Y = 20
2. How much of goods can Mr. Ram consume, if he spends his
entire income on that good.
Max units of good = 20/4 = 5 Units
3. How much of Good 2 can he consume if he spends his entire
income on that good.
Max units of good 2 = 20/5 = 4 units
4. What is the slope of the Budget line.
Negative Price of X / Price of Y = 4/5 = 0.8
CASE STUDY – VI
Demand for onions is constant and sometimes its increasing due
to seasons like festivals. Consumption of onions in India is
subject to fluctuations on account of religious
considerations .consumption of onions tends to decline when
other vegetables are available at affordable prices the amount of
decline is considered as minimal are there are no substitute to
onions, the demand considered as inelastic in nature.
1. Why is Demand for Onion is Inelastic.
No close substitutes.
2. Increase in Demand for onions during festivals is
___________ ( Change in Demand/ Change in QD)
3. The demand for onion
4. is considered as Inelastic, Then Ed = _______ ( 0, 1,>1,<1).
5. A commodity with no substitutes show high Elasticity of
demand (True/False) .
STATISTICS
1. Assertion(A): The one single value that reads the
characteristics of the complex and varied of data is called
average or central value.
Reason(R ): An average is a figure that represents the whole
group. Thus, it is called a measure of central tendency or
measure of location or just briefly average.
a. Both Assertion(A) and Reason (R ) are true Reason (R ) is the
correct explanation of Assertion (A)
b. Both Assertion (A) and Reason (R ) are true and Reason (R
is not the correct explanation of Assertion (A)
c. Assertion (A) is true but Reason (R ) is false
d. Assertion (A) is false but Reason (R ) is true.