Q.3
2001-02 10
23
Source: Economic Survey, (20004-05) Pg. 8,9
Three friends, Ram Rahim and Maria are chatting over a cup of tea. During the course
of their conversation, they start talking about their family incomes, Ram tells them that
there are four members in his family and the average income per member is Rs 15,000
Rahim says that the average income is the same in his family, though the number of
members is six Maria says that there are five members in her family, out of which one
is not working. She calculates that the average Income in her family too, is Rs 15,000
They are a little surprised since they know that Maria's father is earning a huge salary.
They go into details and gather the following data.
Page 1 of 2
December Assessment - 2020-21
Class XI Economics (030)
Time: 1 Hours
MM-
Family Incomes
SL No.
2
Ram
12000
14000
16000
18000
Rahim
7000
10000
14000
17000
20000
22000
90000
Maria
0
7000
8000
10000
50000
3.
4.
6.
Total income
60000
75000
15000
Average income
15000
15000
(a) Do you notice that although the average is the same, there are considerable
differences in individual incomes? Comment
(b) A measure of dispersion is a good supplement to the central value in understanding
a frequency distribution Comment.
PART-B Microeconomies
The market demand of a commodity is highly inelastic as the commodity is an essential
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