Home
Class 11
ECONOMICS
following is the demand schedule of comm...

following is the demand schedule of commodity Y:
Calculate the elasticity of demand when ,(i) price rises from ₹ 15 to ₹ 20 , (ii) when price falls from ₹ 20 to ₹ 15 .

Text Solution

Verified by Experts

The correct Answer is:
`(i) E_(d)=(-)1.8; (ii)E_(d)=(-) 6)`
N/a
Promotional Banner

Topper's Solved these Questions

  • ELASTICITY OF DEMAND

    SANDEEP GARG|Exercise Long Answer|4 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

from the following data, calculate price elasticity of demand.

The demand funcation of Commodity 'X' is given as : Q_(x)= 20 - 2P_(x) . Calculate its price elasticity of demand when price falls from ₹ 5 to ₹3.

The price elasticity of demand of good X si double the price elasticity of demand of Good Y . A 10% rise in the price of good Y results in fall in its demand by 60 units. If original demand of commodity Y was 400, calculate percentage rise in quantity demanded of good X when its when its price falls from ₹ 10 to ₹ 8 per unit.

Calculate the price elasticity of demand for a commodity when its price increase by 25% and quantity demanded falls from 150 units to units.

When price of a commodity X falls by 10 per cent, its demand rises from 150 units to 180 units. Calculate its price elasticity of demand . How much should be the percentage fall in its price so that its demand rises from 150 to 210 units.

When price of a commodity X falls by 10 percent , its demand rises from 150 units to 180 units. Calculate its price elasticity of demand . How much should be the percentage fall in its price so that its demand rises from 150 to 210 units.

When price of a commodity X falls by 10%, its demand rises from 150 units to 180 units. Calculate its price elasticity of demand. How much should be the percenyage fall in its price so that its demand rises from 150 to 210 units.

The price elasticity of demand of commodity X is 1/2 of price elasticity of demand of commodity. When price of X falls by 40% , its demand rises by 20 units. Calculate price elasticity of demand of commodity X and Y, it originally 100 units of X were demanded at price of ₹ 5 per unit.

SANDEEP GARG-ELASTICITY OF DEMAND-Unsolved practicals
  1. A consumer purchased 10 units of a commodity when its price was ₹ 5 p...

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

  18. As a result of 10% rise in the price of a good, its demand falls from ...

    Text Solution

    |

  19. A household increases its demand for a commodity from 40 units to 50 u...

    Text Solution

    |

  20. As price of a commodity falls from ₹ 7 per kg to ₹ 5 per kg, the total...

    Text Solution

    |