Home
Class 11
ECONOMICS
Price ealsticity of demand for a commodi...

Price ealsticity of demand for a commodity is unity and a household demands 50 units of it when its price is ₹ 2 per unit. At what price will the household demands 45 units of the commodity ?

Text Solution

Verified by Experts

The correct Answer is:
`₹2.20`
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

Price elasticity of demand for a product is 'unity'. A houseshold buys 25 units of this product at the price of ₹ 5 per unit. If the price of product rises by ₹ 1, how much quantity of the product will the household buy ?

Price elasticity of demand for a product is unity. Its demand is 25 units at a price of ₹ 5 per unit. If the price of product rises to ₹ 6 per unit, how much quantity of the product will be demanded ?

The coefficient of price elasticity of demand for a commodity is 0.2. when price was ₹ 10 per unit. The quantity demanded was 40 units. If the price falls to ₹ 5 per unit, how much will be its quantity demanded ?

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 ?

A consumer purchased 10 units of a commodity when its price was ₹ 5 per unit. He purchased 12 units of the commodity when its price fell to ₹ 4 per unit. What is the price elasticity of demand for the commodity ?

The quantity demanded of a commodity rises from 800 units to 850 units when its price falls from Rs. 20 per unit to Rs. 19 per unit . Calculate its elasticity of demand.

SANDEEP GARG-ELASTICITY OF DEMAND-Unsolved practicals
  1. price of a commodity decreases from ₹ 10 to ₹ 5 per unit. If the price...

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

  14. A consumer spend ₹ 80 on a commodity at a price of ₹ 1 per unit and ₹ ...

    Text Solution

    |

  15. Mr. Ram spent ₹ 200 on a commodity and bought 20 units of it . When it...

    Text Solution

    |

  16. On the basis of information given below, compare price elasticities of...

    Text Solution

    |

  17. The price elasticity of demand of good X si double the price elasticit...

    Text Solution

    |

  18. A consumer buys a certain quantity of a good at a price of ₹ 10 per u...

    Text Solution

    |

  19. At a price of ₹ 5 per pen, the demand is 40 pens. The elasticity of d...

    Text Solution

    |

  20. The price elasticity of demand of commodity X is 1/2 of price elastici...

    Text Solution

    |