Practice Overpricing - 6.7.3 | 6. Consumer Awareness | ICSE Class 10 Economics
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is overpricing?

πŸ’‘ Hint: Think about the basic definition provided in the section.

Question 2

Easy

Give one reason why overpricing is harmful to consumers.

πŸ’‘ Hint: Consider the direct impact on the consumer's pocket.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is overpricing?

  • Charging less than the fair price
  • Charging an excessive price
  • Providing discounts

πŸ’‘ Hint: Think about the context of pricing fairness.

Question 2

True or False: Overpricing can lead to loss of consumer trust.

  • True
  • False

πŸ’‘ Hint: Consider how people feel when they overpay.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Evaluate a case where a product is consistently overpriced and suggest strategies that consumers can use to address this issue.

πŸ’‘ Hint: Think collectively about consumer responses.

Question 2

Design a campaign for raising awareness about overpricing in your local community. What steps will you take?

πŸ’‘ Hint: How can education improve consumer outcomes against overpricing?

Challenge and get performance evaluation