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Price of a good rises from ₹ 10 to ₹ 12 and its demand falls from 120 units to 100 units.Calculate price elasticity of demand.

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`{:(P" " 10),(P_(1)" "12),(overlineunderline(DeltaP" "2)):}" "{:(Q" "120),(Q_(1)" "100),(overlineunderline(DeltaQ" "20)):}`
`P.e_(D)= P/Qxx(DeltaQ)/(DeltaP)=10/120xx(-20)/(2)=(-)0.83`
`|P.e_(D)|=0.83`
( Less than unitary elastic demand)
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RADHA BHUGANA-ELASTICITY OF DEMAND-Unsolved Numericals
  1. Price of a good rises from ₹ 10 to ₹ 12 and its demand falls from ...

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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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