Market dmand for good at price ₹ 10 pe...

Market dmand for good at price ₹ 10 per unit is 100 units. When its price changes, its market demand falls to 50 units. Find out the new price, if the price elasticity of demand is (-)2.

Text Solution

Verified by Experts

The correct Answer is:

`₹ 12.50`

N/a

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

The market demand for a good at ₹ 4 per unit is 100 units. Due to increase in price, the market demand falls to 75 units. Find out the new price, elasticity of demand is (-)1.

A consumer buys 20 units of a good at ₹ 10 per unit. When its price falls by 10%, its demand rises to 22 units. Find out the price elasticity of demand.

As a result of 10% rise in the price of a good, its demand falls from 100 unit to 90 units. Find out the price elasticity of deamand.

The qunantity demanded of a commodity at a price of ₹ 8 per unit is 600 units. Its price falls by 25 per cent and the quantity demanded rises by 120 units. Calculate the price elasticity of demand . Is its demand elastic ? Give reason for your answer.

A consumer buys 50 units of a good at â‚¹4 per unit. When its price falls by 25% ,its demand rises to 100 units. Find out price elasticity of demand.

The demand for a good falls to 240 units is respone to rise in price by ₹ 2. if the original demand was 300 units at the price of ₹ 20, calculate price elasticity of demand.

A consumer buys 160 units of a good a t a price of ₹ 8 per unit. Price falls to ₹ 6 per unit. How much quantity will the consumer buy at the new price, it price elasticity of demand is (-) 2 ?

When the price of a commodity is ₹ 20 per unit, its quantity demanded units. When its price rises by ₹ 5 per unit, its quantity demanded falls by 20 per cent. Calculate its price elasticity of demand. Is its demand elastic? Give reasons for answer.

SANDEEP GARG-ELASTICITY OF DEMAND-Unsolved practicals

following is the demand schedule of commodity Y: Calculate the elas...
Text Solution
|
The coefficient of price elasticity of demand for a commodity is 0.2. ...
Text Solution
|
Market dmand for good at price ₹ 10 per unit is 100 units. When its ...
Text Solution
|
A consumer buys 160 units of a good a t a price of ₹ 8 per unit. Price...
Text Solution
|
A consumer buys 200 units of a good at a price of ₹5 per unit. With ch...
Text Solution
|
price of a commodity decreases from ₹ 10 to ₹ 5 per unit. If the price...
Text Solution
|
The elasticity of demand for sait is zero. If the demand is 2 kg at th...
Text Solution
|
Price ealsticity of demand for a commodity is unity and a household de...
Text Solution
|
The quantity demanded of a commodity falls by 5 units when price rises...
Text Solution
|
What price of a commodity falls by ₹ 1 per unit , its quantitfy demand...
Text Solution
|
As price of a 5 per cent fall in the price of a good, its demand rises...
Text Solution
|
A 3% fall in the price of X leads to a 9% rise in its demand. A 5% ris...
Text Solution
|
A 5 % fall in the price of X leads to a 10% rise in demand for X.A 2% ...
Text Solution
|
As the price of a commodity falls from ₹ 8 and ₹ 6, its demand rises f...
Text Solution
|
At a price of ₹ 20 per unit, the quantity demanded of commodity is 30...
Text Solution
|
As a result of 10% rise in the price of a good, its demand falls from ...
Text Solution
|
A household increases its demand for a commodity from 40 units to 50 u...
Text Solution
|
As price of a commodity falls from ₹ 7 per kg to ₹ 5 per kg, the total...
Text Solution
|
A consumer spend ₹ 80 on a commodity at a price of ₹ 1 per unit and ₹ ...
Text Solution
|
Mr. Ram spent ₹ 200 on a commodity and bought 20 units of it . When it...
Text Solution
|