Economics Worksheet

1st week ( 5 – 9 th April )

1) Define Total Revenue.
2) Briefly describe the relationship between PED & TR.

2nd week ( 12 -16 th April )

1) Identify the difference between elastic supply & inelastic supply.

3rd week ( 19th – 23rd April )

1) Define the following terms –
a) Normal goods
b) Inferior goods
c) Indirect tax
d) Subsidies

Prepared by – Khurshida Akter