Class 10 Economics – Case Study Quiz (Set 2, CBSE)By Alka Jaiswal / December 20, 2025 Class 10 Economics – Case Study Quiz (Set 2, CBSE)Class 10 Economics – Case Study Quiz (Set 2, CBSE) Case Study 1: A company launched a new smartphone. Initially, sales were slow, but after advertising, the demand increased rapidly. Q1. The initial slow sales represent: High demand Low demand Elastic demand Inelastic demandAnswer: Low demandInitially, few consumers bought the product, showing low demand. Q2. After advertising, demand increased. This shows: Law of demand Demand can shift Price ceiling Supply shortageAnswer: Demand can shiftAdvertising increases consumer desire, shifting the demand curve. Q3. If the price of competitor phones decreases, what happens to this phone’s demand? Increase Decrease Remain same Cannot predictAnswer: DecreaseSubstitute goods’ lower prices reduce demand for this phone. Q4. Advertising is an example of: Supply factor Demand factor Price control Tax policyAnswer: Demand factorAdvertising increases consumer demand for the product. Case Study 2: Due to heavy rains, wheat production fell drastically. The government announced procurement at minimum support price. Q5. Minimum support price is fixed by: Consumers Producers Government MarketAnswer: GovernmentGovernment sets minimum support price to protect farmers. Q6. Purpose of MSP: Increase consumer prices Ensure fair price for farmers Reduce market demand Decrease supplyAnswer: Ensure fair price for farmersMSP guarantees minimum revenue for farmers despite low production. Q7. Fall in wheat supply leads to: Increase in market price Decrease in price No change Government taxAnswer: Increase in market priceLower supply with constant demand increases price. Q8. Procurement by government ensures: Farmers’ loss Farmers’ income stability Lower consumer demand Price ceilingAnswer: Farmers’ income stabilityGovernment procurement provides stable revenue for farmers. Case Study 3: During inflation, prices of essential goods rise sharply. People reduce consumption of non-essential items. Q9. Rise in prices is called: Inflation Deflation Recession Economic boomAnswer: InflationInflation is the sustained increase in general price level. Q10. Non-essential goods demand: Increase Decrease Remain constant Cannot predictAnswer: DecreaseConsumers cut down non-essential purchases during inflation.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...
