Worksheets › Class 9 › The Price Puzzle: What Drives the Market
Class 9 The Price Puzzle: What Drives the Market worksheet
CBSE Social Science. Demand and supply, substitutes and complements, equilibrium, price ceilings and floors, monopoly and regulators. Every sheet has 20 questions in three sections and an answer key, and the numbers change every time.
Sample questions
Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.
Section A · multiple choice
- 1.
The Law of Demand says that when price rises, quantity demanded:
- stays the same
- doubles
- rises
- falls
Answer
(d) falls
- 2.
Mangoes and bananas are:
- substitutes
- luxury goods
- capital goods
- monopolies
Answer
(a) substitutes
- 3.
Which sector does TRAI regulate?
- railways
- banking
- telecom
- farming
Answer
(c) telecom
Section B · short answer
- 4.
What is demand, in economics?
Answer
The quantity people are willing and able to buy at a given price.
- 5.
Substitutes or complements? (a) a printer and cartridges (b) tea and coffee
Answer
(a) complements (b) substitutes
Section C · long answer
- 6.
Explain the Law of Demand with an example.
Answer
When the price of mangoes falls, buyers purchase more, because they can afford more and each extra mango is still worth buying at the lower price.
Fresh sheets for your child
In the app, every The Price Puzzle: What Drives the Market sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.
Coming soon for Android and iPhone.