Class 10 Economics – Case Study Quiz (Set 1, CBSE)By Alka Jaiswal / December 20, 2025 Class 10 Economics – Case Study Quiz (Set 1, CBSE)Class 10 Economics – Case Study Quiz (Set 1, CBSE) Case Study 1: Ramesh runs a small shop selling groceries. Last month, he sold more rice and sugar compared to previous months due to a festival. Q1. What type of demand is shown by the increase in rice and sugar sales? Market demand Individual demand Derived demand Seasonal demandAnswer: Seasonal demandThe demand increased due to festival season, showing seasonal demand. Q2. If price of rice rises, what is likely to happen to demand? Increase Decrease Remain constant Cannot sayAnswer: DecreaseAs per law of demand, increase in price usually decreases quantity demanded. Q3. If government gives subsidy on sugar, demand will: Decrease Increase Remain same Cannot predictAnswer: IncreaseSubsidy reduces effective price, so demand increases. Q4. Ramesh wants to increase his sales further. Which strategy will help? Raise prices Advertise products Reduce variety None of the aboveAnswer: Advertise productsAdvertising can attract more customers and boost sales. Case Study 2: The government imposed a price ceiling on wheat to make it affordable. Farmers complain that selling at lower prices reduces their profit. Q5. What is price ceiling? Minimum price fixed by government Maximum price fixed by government Market price Suggested priceAnswer: Maximum price fixed by governmentPrice ceiling is the maximum price set to protect consumers. Q6. Who benefits from price ceiling? Consumers Producers Government only No oneAnswer: ConsumersPrice ceiling keeps products affordable for consumers. Q7. Effect on farmers due to price ceiling? Higher profit Reduced profit No change None of the aboveAnswer: Reduced profitLower selling price reduces revenue and profit for farmers. Q8. Price ceiling can lead to: Shortage Surplus Equilibrium NoneAnswer: ShortageAt low prices, supply decreases while demand remains high, causing shortage. Case Study 3: A city observes rapid increase in real estate prices. People prefer to rent rather than buy due to high prices. Q9. What type of demand is affected here? Derived demand Market demand Joint demand NoneAnswer: Market demandDemand of houses changes with price affecting market choices. Q10. Renting preference is due to: High prices Low prices Government policy AvailabilityAnswer: High pricesHigh cost of buying forces people to rent instead of purchasing.Submit Quiz Share this: Share on Facebook (Opens in new window) Facebook Share on WhatsApp (Opens in new window) WhatsApp Share on Telegram (Opens in new window) Telegram Share on X (Opens in new window) X Share on X (Opens in new window) X Share on LinkedIn (Opens in new window) LinkedIn Share on Threads (Opens in new window) Threads Email a link to a friend (Opens in new window) Email Share on Bluesky (Opens in new window) Bluesky Print (Opens in new window) Print Share on Nextdoor (Opens in new window) Nextdoor Share on Tumblr (Opens in new window) Tumblr Share on Reddit (Opens in new window) Reddit Share on Mastodon (Opens in new window) Mastodon Share on Pinterest (Opens in new window) Pinterest Share on Pocket (Opens in new window) Pocket Like this:Like Loading...
