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If price of a commodity rises from ₹ 8...

If price of a commodity rises from ₹ 8 to ₹10 per unit and its demand falls by 50% what is `e_(D)` ?

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Verified by Experts

We need to first find `% DeltaP`
`DeltaP= P_(1) - P`
= ₹10-₹8= ₹2
` % DeltaP= (DeltaP_/Pxx100= (₹2) / (8) xx100= 25%`
`P.e_(D) = (% "Change in" Q. D_(x))/(% "Change in"P_(x)`
` ((-)50%)/((+)25%)= (-) 2`
` |P.e_(D)| =2` ( Greater than unitary elastic demand)
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RADHA BHUGANA-ELASTICITY OF DEMAND-Unsolved Numericals
  1. If price of a commodity rises from ₹ 8 to ₹10 per unit and its dem...

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  2. If price of a good rises from ₹ 46 to ₹ 50 per unit, the demand de...

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  3. A person buys 10 units of a good at ₹6 per unit. When the price fall...

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  4. At ₹ 8 per unit a consumer buys 160 units of a good. How much quant...

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  5. Given that price elasticity of demand is 1, a consumer buys 40 units a...

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  6. Suppose that initial demand 100 units. With rise in price by ₹5 , t...

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  7. A consumer buys 50 units of a good at ₹4 per unit. When its price f...

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  8. Elasticity of demand is (-)3. if price rises from to ₹12 per units,...

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  9. At a price of ₹15 per unit a consumer buys 500 units. Its price fal...

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  10. The price elasticity of demand of good x is half the price elasticity ...

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  11. A consumer buys 80 units of a good at a price of ₹4 per unit. When ...

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  12. A consumer buys 100 units of a good at ₹5 per unit. The P.e(D) is (...

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  13. Demand of a commodity by a consumer falls by 10% as its price rises fr...

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  14. As a result of 10% fall in price of a good, its demand rises from 100 ...

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  15. The quantity demanded of a commodity falls by 5 units when price rises...

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

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  17. When price of a commodity A falls from ₹ 10 to ₹5 per units, its...

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  18. The price elasticity of demand of good x is half the price elasticity ...

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  19. A consumer buys 80 units of a good at a price of ₹4 per unit. When ...

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  20. A consumer buys 100 units of a good at ₹5 per unit. The P.e(D) is (...

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  21. Demand of a commodity by a consumer falls by 10% as its price rises fr...

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