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The price elasticity of demand of good X...

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.

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The correct Answer is:
percentage rise in quantity demanded of good X= 60%
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SANDEEP GARG-ELASTICITY OF DEMAND-Unsolved practicals
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  2. On the basis of information given below, compare price elasticities of...

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

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

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

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

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  7. if (DeltaP)/P =0.2 and price elasticity is (-) 2. calculate the percen...

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  8. The dmeand function of good 'A' is given as: Q(A) = 40-5P(A). Calculat...

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  9. The ratio of change in price (DeltaP) to original price (P) is 0.4 and...

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  10. Price elasticity of demand for a product is unity. Its demand is 25 un...

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  11. the price of a commondity is ₹ 12 per unit and its quantity demanded ...

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  12. Commodities A and B have equal price elasticity of demand . The demand...

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  13. The price of a commodity is ₹ 10 per unit and its quantity demanded a...

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  14. Form the following data, calculate price elasticity of demand.

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  15. When price of a good is ₹ 13 per unit the consumer buys 11 units of t...

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  16. The price elasticity of demand of a commodity is -0.5 . At a price of ...

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  17. A consumer buys 20 units of a good at a price of ₹5 per units. He inc...

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  18. The price of commodity is ₹ 20 per unit and total expenditure on it ...

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  19. The price elasticity of demand of X is (-) 1.25. its price falls from ...

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  20. The price elasticity of demand for a good is -0.4 if its price increas...

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