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Suppose that originally, a product was b...

Suppose that originally, a product was being sold at ₹ 10 per unit and the quantity demanded was 1,000 units. The product price changes to ₹14 and, as a result, the quantity demanded changes to 500 units. Calculate the price ealstictiy of demand.

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The correct Answer is:
`(E_(d)(-)1.25)`
N/a
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SANDEEP GARG-ELASTICITY OF DEMAND-Unsolved practicals
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  2. Following is the market demand scheldule of commodity X. Calculate the...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  17. A 3% fall in the price of X leads to a 9% rise in its demand. A 5% ris...

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  18. A 5 % fall in the price of X leads to a 10% rise in demand for X.A 2% ...

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  19. As the price of a commodity falls from ₹ 8 and ₹ 6, its demand rises f...

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  20. At a price of ₹ 20 per unit, the quantity demanded of commodity is 30...

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