Micro Economics-5-Questions for Internal Assessment Test for Semester-4

DURATION: 1 HOUR                                                                                                MAX MARKS-10

INSTRUCTIONS-

1. Answer any one question from each main.
2. Figures to the right indicate marks.
3. Answer should be written either in English or kannada completely.

Q. NO. 1. a. Define Micro Economics? Explain the uses and limitations of micro economics? 1×7=7

                                                                   OR

             b. What is elasticity of demand? Explain the degrees of elasticity of demand?

Q. NO.2.a. Economic Dynamics. 1×3=3

                                  OR

                b. Law of Supply.