UGC NET Demand analysis Previous Year Questions
JRFSmart holds 26 previous-year questions on Demand analysis from UGC NET Commerce (Paper 2), filed under Unit 3: Business Economics, drawn from 17 of the 22 exam papers in the bank (2018–2025). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Demand analysis
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| Elasticity and total revenue | 2 |
| Cross elasticity of demand | 2 |
| Price elasticity and total revenue | 2 |
| Income elasticity of demand | 2 |
| Determinants of demand | 2 |
| Assumptions of the law of demand | 1 |
| Types of elasticity and goods | 1 |
| Price elasticity by product type | 1 |
| Income elasticity and business decisions | 1 |
| Equilibrium price | 1 |
| Why the demand curve slopes downward | 1 |
| Types of goods and elasticities | 1 |
NTA repeat analysis
Demand analysis appears in 17 of 22 papers (77%), which JRFSmart rates as high frequency.
2 questions in this topic have been verified as repeated in more than one paper.
Sample previous-year questions
Match List I with List II. LIST I | LIST II A. Inferior goods | I. Positive cross price elasticity of demand (Exy>0) B. Substitute goods | II. Greater than unitary income elasticity of demand, (EI>1) C. Complementary goods | III. Negative income elasticity…
For a "decline in price", total revenue declines if the demand of the product is
When price of a good X rises, the demand for substitute good Y will;
The cross price elasticity between two goods 'A' and 'B' is (-) 0.8. If the price of good 'B' rise by 20%, how will the demand for 'A' change?
The price of a product decreases from Rs.100 to Rs.60 per unit. If the price elasticity of demand in 1.5 and the original quantity demanded in 30 units, What will be the new quantity demanded?
Which of the following formula correctly show the relationship Average Revenue (AR), Margianl Revenue (MR) and Price elasticity of demand?
Identify the factors that determine the demand. A. Price of the Commodity B. Income of the Consumer C. Taste and Preferences of Consumer D. Size of Population Choose the correct answer from the options given below:
If demand equation is given by D = 10,000 - P and the supply equation is given by S = 1000 + 4P, the equilibrium price would be
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Practise Demand analysis
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