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A consumer spends ₹ 2,000 on a good pric...

A consumer spends ₹ 2,000 on a good priced at ₹ 8 per unit. Wgeb oruce rises by 25% the consumer continues to spend the same amount on the good. Calculate price elasticity of demand by 25% the consumer continues to spend the same amount on the good. calculate price elasticity of demand by the percentage method.

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The correct Answer is:
Price ealsticity of demand =(-) 0.80
N/a
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SANDEEP GARG-ELASTICITY OF DEMAND-Unsolved practicals
  1. price elasticity of demand of a good is -0.75. calculate the percentag...

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

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

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

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

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

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

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

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

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

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  11. The price elasticity of demand of a good is (-) 0.5. At a price fo ₹ 2...

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  12. A consumer spends ₹ 1,000 on a good piced at ₹ 8 per unit. When price...

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  13. A consumer spends ₹ 60 on a good priced at ₹ 5 per unit. When price f...

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  14. A cossumer spends ₹ 100 on good priced at ₹ 4 per unit. When price fa...

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  15. A cossumer spend ₹ 1,000 on a good priced at ₹ 10 per unit. When price...

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  16. Price elasticty of demand of good X is -2 and of good Y is -3. which o...

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  17. What will be the effect of 10 percent rise in price of a good on its ...

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  18. Price elasticity of demand of a good X and Y are zero and (-) 1 resp...

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  19. Price of a commodity fall from ₹ 20 to ₹ 15 per unit. Its demand rise...

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  20. The demand curve for the commondity is given as D(x)=10 +2P . If slope...

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