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Price elasticity of demand of two good A...

Price elasticity of demand of two good A and B (-) 3 and (-)4 erspectively. Which of the two goods has higher elasticity and why ?

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The correct Answer is:
Good B has higher elasticity as compared to A. it is because with change in price by 1% demand for B changes by 4% while in case of good A it is only 3%
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SANDEEP GARG-ELASTICITY OF DEMAND-Unsolved practicals
  1. When price of a good falls from ₹ 15 per unit to ₹ 12 per unit. Its d...

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

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

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

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

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

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

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

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

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

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

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

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

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

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  15. The demand curve of a commodity is expressed as D(x)20 - 2P. If slope...

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  16. Price of a commodity falls from ₹ 40 to ₹ 30 per unit. Quantity deman...

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  17. When price of a commodity X falls by 10 per cent, its demand rises fro...

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  18. When price of good rises form ₹10 to ₹12 per unit its quantity d...

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  19. When the price of commodity A falls from ₹10 to ₹5 per unit, its quan...

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  20. Due to 10 percent fall in the pirce of X , its demand rises 100 un...

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