Price of a commodity fall from ₹ 20 to ...

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.

Text Solution

Verified by Experts

The correct Answer is:

Price Elasticity of demand `(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

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

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 good falls from ₹ 5 to ₹ 3 per unit, its demand rises by 40 % . Calculate its price elasticity of demand.

When price of a good falls from ₹ 10 per unit to ₹ 7 per unit, quantity demanded of the good rises from 100 to 160 units. Calculate its elasticity of demand.

If price of a good rises from â‚¹ 46 to â‚¹ 50 per unit, the demand decreases from 30 units to 15 units. Calculate co-efficient of 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.

SANDEEP GARG-ELASTICITY OF DEMAND-Unsolved practicals

Price elasticity of demand of two good A and B (-) 3 and (-)4 erspecti...
Text Solution
|
The quantity demanded of a good is 1,500 units at the price of ₹ 10 p...
Text Solution
|
The price elasticity of demand of a good is (-) 0.5. At a price fo ₹ 2...
Text Solution
|
A consumer spends ₹ 1,000 on a good piced at ₹ 8 per unit. When price...
Text Solution
|
A consumer spends ₹ 60 on a good priced at ₹ 5 per unit. When price f...
Text Solution
|
A cossumer spends ₹ 100 on good priced at ₹ 4 per unit. When price fa...
Text Solution
|
A cossumer spend ₹ 1,000 on a good priced at ₹ 10 per unit. When price...
Text Solution
|
Price elasticty of demand of good X is -2 and of good Y is -3. which o...
Text Solution
|
What will be the effect of 10 percent rise in price of a good on its ...
Text Solution
|
Price elasticity of demand of a good X and Y are zero and (-) 1 resp...
Text Solution
|
Price of a commodity fall from ₹ 20 to ₹ 15 per unit. Its demand rise...
Text Solution
|
The demand curve for the commondity is given as D(x)=10 +2P . If slope...
Text Solution
|
The demand curve of a commodity is expressed as D(x)20 - 2P. If slope...
Text Solution
|
Price of a commodity falls from ₹ 40 to ₹ 30 per unit. Quantity deman...
Text Solution
|
When price of a commodity X falls by 10 per cent, its demand rises fro...
Text Solution
|
When price of good rises form â‚¹10 to â‚¹12 per unit its quantity d...
Text Solution
|
When the price of commodity A falls from ₹10 to ₹5 per unit, its quan...
Text Solution
|
Due to 10 percent fall in the pirce of X , its demand rises 100 un...
Text Solution
|
When price of a good falls by 50 percent, its demand rises by 60 perce...
Text Solution
|
When price of a good falls from ₹ 10 per unit to ₹ 7 per unit, qua...
Text Solution
|