Home
Class 11
ECONOMICS
If the percentage increase in the quanti...

If the percentage increase in the quantity demanded of a commodity is less than the percentage fall in its price, then elasticity of demand is:

A

`gt1`

B

`=1`

C

`lt1`

D

`=0`

Text Solution

Verified by Experts

The correct Answer is:
c
N/a
Doubtnut Promotions Banner Mobile Dark
|

Topper's Solved these Questions

  • ELASTICITY OF DEMAND

    SANDEEP GARG|Exercise very short Answer Type Questions|21 Videos

  • ELASTICITY OF DEMAND

    SANDEEP GARG|Exercise Short Answer|11 Videos

  • ELASTICITY OF DEMAND

    SANDEEP GARG|Exercise GUIDELINES|3 Videos

  • DEMAND AND ITS DETERMINANTS

    SANDEEP GARG|Exercise Model test paper 3|12 Videos

  • INTRODUCTION

    SANDEEP GARG|Exercise UNSOLVED PRACTICALS|6 Videos

Similar Questions

Explore conceptually related problems

When the percetage increase in demand of a commodity is more than percentage increase in price, then demand cruve is steeper.

If the proportionate change in the quantity supplied of a commodity is less than the proportionate change in its price, price elasticity is greater than unity.

Knowledge Check

  • Identify the coefficient of price elasticity of demand when the percentage increase in the quantity of good demanded is smaller than the percentage fall in its price :

    A
    Equal to one
    B
    Greater than one
    C
    Smaller than one
    D
    Zero

  • If the price elasticity of demand for a commodity is less than unity, a decrease in price would result in

    A
    Proportionately less in the quantity demanded.
    B
    Prooportionately more inceases in the quantity demanded.
    C
    Increases in total expenditure on the product.
    D
    none of these.

    • Similar Questions

    Explore conceptually related problems

    When quantity demanded of a commodity does not change with change in price. Then coefficient o price elasticity of demand is zero.

    At a price of Rs. 50 per unit the quantity demanded of a commodity is 1000 units . When its price falls by 10 percent , its quantity demanded rises to 1080 units . Calculate its price elasticity of demand . Is its demand inelastic ? Given reasons for your answer.

    price elasticity of demand of a good is -0.75. calculate the percentage fall in its price that will result in 15 per cent rise in its demand.

    How does the nature of a commodity influence its price elasticity of demand.

    When price of a commodity falls by 20%, the quantity demanded of it increases by 80%. Find out its price elasticity of demand.

    A household increases its demand for a commodity from 40 units to 50 units when its price falls by 10%. What is the price elasticity of demand of the commodity ?

    Home
    Profile