Home
Class 11
ECONOMICS
The price elasticity of demand of a comm...

The price elasticity of demand of a commodity is -0.5 . At a price of ₹ 20 per unit, total expenditure on it is ₹ 2,000. its price is reduced by 10 per cent. Calculate its demand at the reduced rate.

Text Solution

Verified by Experts

The correct Answer is:
105 units
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

The price elasticity of demand of a good is (-) 0.5. At a price fo ₹ 20 per unit its demand is 300 units. At what price will its demand increase by 10 percent ?

The price of a commodity is 10 per unit and total revenue from it is 1,000. Its price elasticity of supply is 0.8. Its price falls by 10 percent. Calculate the total revenue at the reduced price.

The price elasticity of supply of a commodity is 2. When its price falls from ₹10 per units to ₹8 per uint, its quantity supplied falls by 500units . Calculate the quantity supplied at the reduced price.

The price of commodity is ₹ 20 per unit and total expenditure on it ₹ 1,000. when its price falls to ₹ 18 per unit, total expenditure increases by 8 per cent. Calculate its price elasticity of demand by percentage in its demand.

The price elasticity of demand of X is (-) 1.25. its price falls from ₹ 10 to ₹8 per unit. Calculate percentrage change in its demand.

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 ?

SANDEEP GARG-ELASTICITY OF DEMAND-Unsolved practicals
  1. Form the following data, calculate price elasticity of demand.

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

  8. The demand for good rises by 20 percent as a result of fall in its pr...

    Text Solution

    |

  9. A 5 per cent fall in the price of a good raises its demand from 300 un...

    Text Solution

    |

  10. Price of a good rises from ₹ 7 per unit to ₹ 9 per unit but its dema...

    Text Solution

    |

  11. price elasticity of demand of a good is -0.75. calculate the percentag...

    Text Solution

    |

  12. Price of a good rises by per cent but there is no effect on demand of ...

    Text Solution

    |

  13. A consumer spends ₹ 2,000 on a good priced at ₹ 8 per unit. Wgeb oruce...

    Text Solution

    |

  14. A consumer buys 18 units of a good at a price of ₹ 9 per unit. The pr...

    Text Solution

    |

  15. Price elasticity of demand of a good is (-) 1. when its price per un...

    Text Solution

    |

  16. A consumer buys 30 units of a good at a price of ₹ 10 per unit. Price ...

    Text Solution

    |

  17. When price of a good falls from ₹ 15 per unit to ₹ 12 per unit. Its d...

    Text Solution

    |

  18. Price elasticity of demand of a good is (-)1. calculate the percentag...

    Text Solution

    |

  19. Price elasticity of demand of two good A and B (-) 3 and (-)4 erspecti...

    Text Solution

    |

  20. The quantity demanded of a good is 1,500 units at the price of ₹ 10 p...

    Text Solution

    |