As the price of a commodity falls from ₹...

As the price of a commodity falls from ₹ 8 and ₹ 6, its demand rises from 100 units to 125 unts. Find out the price ealsticity of demand by percentage method.

Text Solution

Verified by Experts

The correct Answer is:

`(E_(d) = (-) 1)`

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

Price of a good falls from ₹ 10 to ₹8. As a result, its demand rises from 80 units to 100 units. What is the price elasticity of demand ?

Price of a commodity fall from ₹ 20 to ₹ 15 per unit. Its demand rises from 600 units to 750 units. Calculate its price elasticity of demand.

When price of a good falls by 10 percent , its quantity demanded rises from 40 units to 50 units. Calculate price elasticity of demand by the percentage method.

As price of a commodity increases from ₹ 4 per unit to ₹ 5 per unit, demand falls from 20 units to 10 units. Find out the elasticity of demand.

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.

Price of a good rises from â‚¹ 10 to â‚¹ 12 and its demand falls from 120 units to 100 units.Calculate 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.

SANDEEP GARG-ELASTICITY OF DEMAND-Unsolved practicals

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
|
On the basis of information given below, compare price elasticities of...
Text Solution
|
The price elasticity of demand of good X si double the price elasticit...
Text Solution
|
A consumer buys a certain quantity of a good at a price of ₹ 10 per u...
Text Solution
|
At a price of ₹ 5 per pen, the demand is 40 pens. The elasticity of d...
Text Solution
|
The price elasticity of demand of commodity X is 1/2 of price elastici...
Text Solution
|
if (DeltaP)/P =0.2 and price elasticity is (-) 2. calculate the percen...
Text Solution
|
The dmeand function of good 'A' is given as: Q(A) = 40-5P(A). Calculat...
Text Solution
|
The ratio of change in price (DeltaP) to original price (P) is 0.4 and...
Text Solution
|
Price elasticity of demand for a product is unity. Its demand is 25 un...
Text Solution
|
the price of a commondity is ₹ 12 per unit and its quantity demanded ...
Text Solution
|
Commodities A and B have equal price elasticity of demand . The demand...
Text Solution
|