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Calculate price elasticity of demand:...

Calculate price elasticity of demand:

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The correct Answer is:
`E_(d) = (-) 1.5` (Demand is Highly elastic as `E_(d) lt 1)`
Negative sign of `E_(d)` indicates relationship between price and quantity demanded.
Price Elasticity of Demand `(E_(d))=(DeltaQ)/(DeltaP)xxP/Q = (-30)/1 xx 5/100 = (-) 1.5`
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SANDEEP GARG-ELASTICITY OF DEMAND-Unsolved practicals
  1. Calculate price elasticity of demand:

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  2. The quantity demanded increases from 100 units to 200 units when the ...

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  3. As price of a commodity increases from ₹ 4 per unit to ₹ 5 per unit, d...

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  4. The prices and quantites demanded of a commodity are given below. On t...

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  5. Price of a good falls from ₹ 10 to ₹8. As a result, its demand rises f...

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  6. Demand increases by 10 units when the price decreases by ₹2. As a resu...

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  7. Following is the market demand scheldule of commodity X. Calculate the...

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  8. Suppose that originally, a product was being sold at ₹ 10 per unit and...

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  9. A consumer purchased 10 units of a commodity when its price was ₹ 5 p...

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  10. following are the demand schedules for commodities A and B . Which one...

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  11. following is the demand schedule of commodity Y: Calculate the elas...

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  12. The coefficient of price elasticity of demand for a commodity is 0.2. ...

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  13. Market dmand for good at price ₹ 10 per unit is 100 units. When its ...

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  14. A consumer buys 160 units of a good a t a price of ₹ 8 per unit. Price...

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  15. A consumer buys 200 units of a good at a price of ₹5 per unit. With ch...

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  16. price of a commodity decreases from ₹ 10 to ₹ 5 per unit. If the price...

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  17. The elasticity of demand for sait is zero. If the demand is 2 kg at th...

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  18. Price ealsticity of demand for a commodity is unity and a household de...

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  19. The quantity demanded of a commodity falls by 5 units when price rises...

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  20. What price of a commodity falls by ₹ 1 per unit , its quantitfy demand...

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  21. As price of a 5 per cent fall in the price of a good, its demand rises...

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