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Class 11 Economics notes

Written by Dr. Ahmed Raza (Economics)

Chapter notes with key points, definitions, short questions and model answers. Each chapter links to practice questions.

Chapter notes

Scarcity, choice and opportunity cost

The meaning of economics, scarcity and choice, the basic economic problems, opportunity cost, the production possibility curve and the main kinds of economic system. Chapter notes

Demand, supply and price

The law of demand, factors that change demand, the law of supply, equilibrium price, shifts of the curves and price elasticity of demand.

Class 11 Economics practice questions