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Demand Analysis Question Bank

This document contains a question bank related to economics and business concepts including demand, elasticity, costs, utility, and forecasting. It includes 36 questions covering topics such as the definition of demand, elasticity, marginal costs, laws of supply and demand, fixed and variable costs, demand schedules, and factors that influence demand. It also provides 4 case studies as examples to solve related to demand forecasting, constructing demand schedules, projecting sales trends, and an example of a product launch that failed.

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5K views3 pages

Demand Analysis Question Bank

This document contains a question bank related to economics and business concepts including demand, elasticity, costs, utility, and forecasting. It includes 36 questions covering topics such as the definition of demand, elasticity, marginal costs, laws of supply and demand, fixed and variable costs, demand schedules, and factors that influence demand. It also provides 4 case studies as examples to solve related to demand forecasting, constructing demand schedules, projecting sales trends, and an example of a product launch that failed.

Uploaded by

nisajames
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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QUESTION BANK II

1. What is increase in demand?


2. Give the definition of elasticity of demand.
3. What is marginal cost?
4. State the law of supply.

5. What is contraction and expansion of demand?

6. Give the meaning of fixed cost and variable cost.


7. What is elasticity of supply?
8. What do you mean by marginal utility?

9. What do you mean by cross elasticity of demand?


10. Find out variable cost . Fixed cost =Rs. 50 ,Total cost =Rs 150
11. Find out marginal utility, TU from the consumption of 2 oranges=25 units.
TU from the consumption of 3 oranges =35units.
12. Give any two examples of non-durable goods.
13. What is Giffen’s Paradox?

14. Define durable goods with examples.

15. What is demand forecasting?


16. What is increase and decrease in demand?
17. What is demand schedule?

18. Mentioned the price and quantity supplied relationship.

19. Give the meaning of demand curve.


20. What is a firm?
21. What is supply schedule?
22. State the law of demand.

23.Mention any 4 factors which influence demand .


24. What is shift in demand?

25.Mention the different types of demand?


26. Mention any three objectives of demand forecasting .
27. Mention the formula to calculate price elasticity of demand.

28.Distinguish between change in demand and expansion of demand.


29. What is increase and decrease in supply?

30.Explain the determinants of supply.

31.State and explain the law of demand.


32. What is price elasticity of demand / Find out it from the following data
P1= 8 , P2= 2 , Q1= 100 units, Q2= 200 units.

33.What is the difference between Contraction and Decrease in demand?


34. Explain the objectives of demand forecasting.

35.A firm conducted a study of the demand of caps . It found that the
average daily demand (D) interms of price (P) is given by the equation D=
80_5P
a) How many caps per day the firm expect to sell at price Rs. 10 per
cap?
b) If the firm wants to sell 50 caps per day what should it charge?

36. The Philips India company introduces a new TV product in a city with a
demand function Qd = 3000_5p
Questions:
a) Find out the demand schedules at prices rs. 150, 250, 325, 400, 500.
b)At what prices Qd=0
c) If seller wants to sell 2500 sets what perces should be fixed?

37. State and explain the law of demand .What are its exceptions.
38. What is elasticity of supply? Explain the different kinds of elasticity of
supply.

39. Read the case let carefully and answer the questions given below:
Tata motors recorded sales volume during last five years as below. It desires to
expand its capacity . Its present capacity is Rs. 65 cr. worth sales volume at the
existing price.
Year : 2000 , 2001 , 2002 , 2003 , 2004 .
Sales : 25 30 40 50 65
volume (In cr .Rs.)
Questions: 1. Calculate the demand for its product next three years.
2. Should company expand its business?

Caselet : 2 Construct a demand schedule for product X , for alternative prices of


Rs. 1,2 ,3 ,4 ,5
Given its demand function Dx= 90_ 2p. Draw the demand curve for the same .
What is the Mathematical attribute?

Caselet :3 Pentex pen company registered the sale of pens during the last five
years as under.
Year : 2004, 2005 , 2006 , 2007 , 2008 ,
Sales in 60 80 70 90 70 (Rs. Cr.)
Questions: a) Calculate the demand for its product for next three years.
b) Should company expand its capacity when the present capacity is
Rs. 70 cr. worth sales at existing price.

Caselet :4
Export sales of NIRYAT for the past five years are as follows:
Year Sales in lakhs
2000 90
2001 110
2002 160
2003 140
2004 190
Project the trend of sales for the next five years.

Caselet : A soft drink firm developed a soft variety of the cola drink and wanted
to know the consumer response to the product. It tested the product in Chicago
market area. It was a resounding success - 90% consumers preferred to its hard
variety. The company got encouraged and launched it nationwide .Within a
month it realized that the product has been rejected in the market and the soft
variety had to be withdrawn. Where did the firm go wrong?

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