Home
Class 11
ECONOMICS
The demand function of good X is Q(d) = ...

The demand function of good X is `Q_(d) = 100-10P`, find out the price of X when quantity demanded is
(i) 20 units, (ii) 15 units, (iii) 0 units.

Text Solution

Verified by Experts

`{:(,"Qty.dd",,"DD funtion",,"Price(Rs.)"),((i),20 " units",,Q_(d)=100-10P,,),(or,,,20-100-10P,,),(or,,,10P=100-10P,,),(or,,,P=(80)/(10),,=8),((ii),15" units",,15=100-10P,,),(,,,10P=85,,),(,,,P=(85)/(10),,=8.5),((iii),0" untis",,0=100-10P,,),(,,,10P=100,,),(,,,P=(100)/(10),,=10):}`
Promotional Banner

Topper's Solved these Questions

  • THEORY OF DEMAND

    RADHA BHUGANA|Exercise LET US RECAPITULATE|11 Videos

  • THEORY OF DEMAND

    RADHA BHUGANA|Exercise MULTIPLE CHOICE QUESTIONS|11 Videos

  • SIMPLE APPLICATIONS OF TOOLS OF DEMAND AND SUPPLY

    RADHA BHUGANA|Exercise Long answer|3 Videos

  • THEORY OF SUPPLY : LAW OF SUPPLY AND ELASTICITY OF SUPPLY

    RADHA BHUGANA|Exercise LET US RECAPITULATE|9 Videos

Similar Questions

Explore conceptually related problems

Demand function of the good X is D_(X)=60-10P . Find out the price of X when demand will be: (i) 20 units (ii) 10 units (iii) 0 units.

The demand function of a good is Q_(d) = 600-25P . Find out the level of demand when price will be (i) Rs. 5, (ii) Rs. 10.

The demand function of a commodity is Q_(d) = 50-10P . Find out the level of demand when price of the commodity is (i) Rs. 3 , (ii) Rs. 2.

Given that demand function is Q_(d) = 100-5P (i) Calculate demand at price of Rs. 4 (ii) Calculate demand at price of Rs. 6

Demand function of a good is given as Q_(d) = 100-10P . (i) Derive the demand schedule, Prices 2,4,6,8,10. (ii) Calculate the slope of the curve.

At a price of Rs. 50 per unit the quantity demanded of a commodity is 1000 units . When its price falls by 10 percent , its quantity demanded rises to 1080 units . Calculate its price elasticity of demand . Is its demand inelastic ? Given reasons for your answer.

The quantity demanded of a good is 1,500 units at the price of ₹ 10 per unit. Its price ealsticity of demand is (-) 1.5. calculate its quantity demanded, when its price falls to ₹ 8 per unit.

P.e_(D) of a good is (-)1. Calculate the % change in price that will raise the demand from 20 units to 20 units.