Are you searching for the AHSEC Class 12 Economics Solved Question Paper 2019? Look no further! This article provides a detailed analysis and solutions to the HS 2nd Year Economics Question Paper 2019 Solution under the Assam Higher Secondary Education Council (AHSEC). For students preparing for board exams, solved papers are a crucial resource for understanding question patterns, marks distribution, and important topics.
AHSEC Class 12 Economics Solved Question Paper 2019
AHSEC Class 12 Economics Question Papers 2019
Full Marks: 100
Pass Marks: 30
Time: Three Hours
PART - A
The figures in the margin indicate full marks for the questions
1. (a) Define the term scarcity as used in economics.
Answer: Scarcity in economics refers to the fundamental problem of having limited resources to satisfy unlimited human wants.
(b) What is opportunity cost?
Answer: Opportunity cost is the value of the next best alternative forgone when a choice is made.
(c) If marginal utility of a commodity is higher than the price, then the consumer will buy more of the commodity. (Write true or false)
Answer: True
(d) What will be the effect of price change on supply of a commodity with perfectly inelastic supply?
Answer: With perfectly inelastic supply, a change in price will have no effect on the quantity supplied.
(e) How will an increase in the price of inputs shift the supply curve?
Answer: An increase in the price of inputs will shift the supply curve leftward, indicating a decrease in supply.
(f) What is shut-down price?
Answer: Shut-down price is the price level at which a firm’s revenue just covers its variable costs, and any price below this will lead the firm to cease operations.
2. Why does the production possibility curve slope downward from left to right?
Answer: The production possibility curve slopes downward from left to right because producing more of one good requires reducing the production of another good, due to limited resources and the trade-off between goods.
3. Give two reasons for a leftward shift in the demand curve.
Answer:
Decrease in income: For normal goods, a reduction in consumers' income decreases demand.
Change in preferences: A shift in consumer preferences away from a good reduces its demand.
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Download and Access Assam Board Class 12 Economics Solved Papers (2012-2024) in PDF
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Benefits of Using Solved Question Papers for Assam HS 2nd Year Exams
How to Use AHSEC Class 12 Solved Papers Effectively
Final Tips for AHSEC Class 12 Economics Preparation
- Focus on diagrams and their explanations in Microeconomics.
- Practice numerical questions in Macroeconomics.
- Prepare notes for definitions, laws, and key concepts.
- Revise previous years’ question papers for better insight into trends.