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Sandeep Garg Solutions for Class 12 Microeconomics

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Last updated date: 29th Mar 2024
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MVSAT 2024

Class 12 Microeconomics Sandeep Garg Solutions

With board exams around the corner, it is time for class 12 students to buck up their preparations. When it comes to Economics, regular revision and solving answers can help students score maximum marks. Microeconomics forms a crucial part of the class 12 Economics syllabus. Students can download Sandeep Garg microeconomics class 12 PDF to step-up their exam preparations.

The Sandeep Garg microeconomics solutions have been drafted in such a way that it also simplifies last-minute revisions for you. Sandeep Garg microeconomics class 12 can be read online or you can choose to download its PDF.

When it comes to economics, it requires consistent efforts and dedication to understand the concepts thoroughly. The importance of regular revision and solving answers is understated. Since Microeconomics forms an important part of the Class 12 Economics syllabus, students should pay greater attention to this subject while preparing for the board exams. They can now download free PDFs of the Microeconomics solutions by Sandeep Garg both from the website of Vedantu and its mobile application.

Sandeep Garg Microeconomics Class 12 Solutions

Here is a short introduction to all the chapters that class 12 students will find in Sandeep Garg microeconomics solutions.

Chapter 1: Introduction to Microeconomics

The very first chapter in the Sandeep Garg microeconomics class 12 PDF starts with a proper definition of the term ‘economy’. It then goes on to explain what scarcity means in an economy and the other major challenges in it. The chapter then explains the meaning of Micro and Macroeconomics, along with PPF (Possibility Frontier).

Chapter 2: Consumer’s Equilibrium

This chapter discusses what total utility means in economics. Total utility is the sum total of the benefits or satisfaction attained by consumers after consuming a product or service. The chapter also includes a discussion on marginal utility, which means the added amount of satisfaction after consuming that particular product or service in a new quantity. The Law of diminishing utility, indifference curve, and Marginal Rate of Substitution are also explained in the second chapter.

Chapter 3: Demand

The 3rd chapter in Sandeep Garg microeconomics class 12 solutions discussed the ins and outs of demand in a market. The first solution in this chapter is an appropriate definition of ‘demand’. The chapter proceeds to list down the various determinants of demand. It includes the following:

  • Price of a Commodity

  • The Income of a Consumer

  • Price of Related Goods

  • Future Expectations

Demand function and other mechanisms of demand have also been discussed in this chapter.

Chapter 4: Elasticity of Demand

The elasticity of Demand signifies the quantitative change in the amount demanded by consumers due to a change in the product price. The formula for calculating elasticity of demand is also provided in this chapter. The 5 degrees of Elasticity of Demand are as follows. 

  • Perfectly Elastic Demand

  • Highly Elastic Demand

  • Unit Elastic Demand

  • Highly Inelastic Demand

  • Perfectly Elastic Demand

This chapter of Sandeep Garg microeconomics class 12 also lists down the factors affecting price elasticity of demand.

Chapter 5: Production Function

The 5th lesson begins with a definition of ‘production function’. It then goes on to show the symbolic representation of the production function. The other contents of this chapter are as follows.

  • Variable Factors of Production

  • Law of Diminishing Returns

  • Law of Variable Proportions

There are also some numerical problems to understand the concepts better.

Chapter 6: Cost

The term ‘cost’ has been thoroughly explained in this chapter. Opportunity cost, variable cost, and marginal cost are explained in detail, along with their respective formulas. This chapter in Sandeep Garg microeconomics class 12 solutions also contains sums.

Chapter 7: Revenue

This chapter teaches you what the term ‘profit’ means in Economics. The other topics covered in the 7th chapters on microeconomics solutions are:

  • Producer’s Equilibrium

  • How the Producer’s Equilibrium is achieved

  • Required Conditions to Bring about the Producer’s Equilibrium

Chapter 8: Producer’s Equilibrium

Here, in this chapter, you are given an in-depth understanding of the producer’s equilibrium. There are also sums covered in this chapter to simplify the concept. You can choose the Sandeep Garg microeconomics class 12 PDF free download option to solve the sums anytime and anywhere.

Chapter 9: Supply

Supply is the number of goods or quantity of service a producer is willing to generate. The 6 factors which affect supply in a market are:

  • Price of a Commodity

  • Cost of Production

  • Government’s Tax Policies

  • Technology

  • Goals of a particular producer or Firm

  • Price of other goods in the Market

The factors affecting the market supply of goods are different. They are the nature of the market, future expectations, and distribution facilities. In this chapter of Sandeep Garg Microeconomics class 12 PDF, you also have MSS (Market Supply Schedule) explained.

Chapter 10: Main Market Forms

A market can be defined as such a place where buyers and sellers meet to exchange goods and services among themselves. This chapter in Sandeep Garg microeconomics class 12 PDF gives the different categories of the market. They are:

  • Perfect Competition

  • Imperfect Competition

  • Oligopoly

  • Monopoly

The chapter explains all these forms of the market along with proper examples.

Chapter 11: Price Determination with Simple Applications

Chapter 11 begins by explaining what market equilibrium means. It proceeds to discuss viable and non-viable industries in a market. Students learn how demand, supply, production, and consumption play a role in determining the prices of goods or services in an economy.

The microeconomics class 12 by Sandeep Garg PDF contains important questions that are most likely to come in your exams. Accurate solutions and to-the-point answers to microeconomics questions are also covered in the solutions.

Sandeep Garg Microeconomics Class 12 Solutions provides a compilation of not just one chapter’s solution but also all the other Chapters included in the Microeconomics Class 12 textbook. Students now need not check for multiple books that provide them an easy solution as Sandeep Garg Microeconomics Class 12 Solutions has it all accumulated in a single book that too you can access for free via Vedantu.


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1. Affordability

These classes that are live along with the experts are extremely affordable and are one of the best options for those who struggle with financial problems. The expenditure on traveling, hostel fees, and meals are all saved when you attend the Vedantu live classes which makes it a feasible option.

2. Student attendance is highly improved

With both visual and auditory senses being engaged via Vedantu students get a high attention span as compared to when they only use their auditory or visual senses. Those students who get easily distracted due to large groups have an additional advantage with Vedantu live classes as they can now with ease attend the classes on their own.

3. A variety of learning style options are available

Based on which style suits you the best you can either have a visual learning experience or an auditory learning experience or you can have both accumulated into one. You can personalize your own studying style which makes it unique for each student and can learn in the way they find themselves comfortable.


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FAQs on Sandeep Garg Solutions for Class 12 Microeconomics

1. How many chapters are there in the class 12 Microeconomics Solutions by Sandeep Garg?

There are a total of 11 chapters in the class 12 microeconomics solutions drafted by Sandeep Garg. The chapters detail and provide an in-depth explanation of various concepts of microeconomics. They also include numerical problems along with the solutions for the practice purpose of students.

2. Can I download the PDF of Sandeep Garg Microeconomics Class 12 Solutions for free?

Yes, you can find the Sandeep Garg microeconomics class 12 solutions PDF download option on the Vedantu. It can be downloaded for free. Students can refer to the solutions PDF to understand microeconomics lessons in a simple manner.

3. What are the chapters included in class 12 Sandeep Garg Microeconomics Solutions?

The chapters included in Sandeep Garg microeconomics solutions of class 12 are Introduction to Microeconomics, Consumer’s Equilibrium, Demand, Elasticity of Demand, Production Function, Cost, Revenue, Producer’s Equilibrium, Supply, Main Market Forms, and Price Determination with Simple Applications.

4. Why is it beneficial for both students and teachers to check out the Sandeep Garg Microeconomics Class 12 Solutions via Vedantu?

Vedantu aims at not only training the students but also those teachers who would like to access ready notes. Vedantu offers free Sandeep Garg Microeconomics Class 12 Solutions that will allow the teachers to get access to ready-made notes that will come in handy during the explanation of the chapter to the students. It also benefits the students when teachers and students refer to the same Solution, as they get to relate to the content in a much better manner. Hence Vedantu makes sure that not only students but also teachers get their training done well via Vedantu.

One can also access these solutions by downloading the Vedantu app from playstore. 

5. How will Sandeep Garg Microeconomics Class 12 Solutions help in each and every chapter involved?

Sandeep Garg Microeconomics Class 12 Solutions has all the solutions needed for each of the questions from the textbook no matter which chapters you would like to refer to. This makes it one of the best solutions to refer to without any trouble. Those students who have a hard time understanding what has been mentioned in the chapters by reading them can also access the Vedantu live classes which keep the classroom atmosphere active and makes it more lively to learn concepts that are involved.

6. Is Sandeep Garg Microeconomics Class 12 Solutions one of the best books to refer to for the board exams?

The board exams are one of the toughest exams if you are not well prepared. But that does not mean you will not be able to pass it. Sandeep Garg Microeconomics Class 12 Solutions aims at helping you to prepare for the exam but not only providing the solutions to your daily book problem but also aiming at helping you prepare for the board exams in the long run. Just by taking the reference of the Sandeep Garg Microeconomics Class 12 Solutions and by attending regular Vedantu live classes you are sure to reach the top of your class.

7. Are there any difficult questions that will challenge the level of students in Sandeep Garg Microeconomics Class 12 Solutions?

Those students who would like to challenge their limits can access the Sandeep Garg Microeconomics Class 12 Solutions that will provide them an opportunity to test their level best by including the challenging questions and also providing answers to them. This makes it a better training effect for the exam as the child himself or herself becomes highly motivated to learn new things. Hence allowing the students to explore more than they can. This not only helps in the preparation of the board exams for the 12th standard but will also prepare them for all the competitive exams.  

8. Is it possible to access the Sandeep Garg Microeconomics Class 12 Solutions for free? If yes, where can I access it?

Yes, it is possible to access the Sandeep Garg Microeconomics Class 12 Solutions online for free via Vedantu where you can both study online or you can download the notes. Via Vedantu it is not only the Sandeep Garg Microeconomics Class 12 Solutions that is free but you also get to access free live classes that make it one of the most interactive sessions. All the doubts that you have been solved during the live classes. This also makes the entire studying process more affordable and cost-friendly. You need not pay thousands of dollars to access the book online or to buy it from somewhere.