Home
Class 11
ECONOMICS
P.e(D)= (-) 0.2 if price incerases by 8%...

`P.e_(D)= (-) 0.2` if price incerases by 8% , by what percent will the demand for the good go down.

Text Solution

Verified by Experts

`P.e_(D)= ("% Change in QD")/ ("% change in price")`
`(-) 0.2 = ?/ ((+)8%)`
% Change in Q.D = (-)1.6 or demand of the commodity will fall by 1.6%
Promotional Banner

Topper's Solved these Questions

  • ELASTICITY OF DEMAND

    RADHA BHUGANA|Exercise Lets us Recapitulate|2 Videos
  • ELASTICITY OF DEMAND

    RADHA BHUGANA|Exercise MCQ|12 Videos
  • CONSUMER'S EQUILIBRIUM

    RADHA BHUGANA|Exercise UNSOLVED NUMERICALS|8 Videos
  • FORMS OF MARKET AND PRICE DETERMINATION UNDER PERFECT COMPETITION WITH SIMPLE APPLICATIONS

    RADHA BHUGANA|Exercise VERY SHORT ANSWET TYPE QUESTIONS (1 MARK)|2 Videos

Similar Questions

Explore conceptually related problems

Suppose price elasticity of demand for a good is -0.2. if there is 5% increase in price of the good, by what percentage will the demand for the good go down ?

P.e_(D) for a good is (-) 0.4. if its price increases by 5% by what percentage will its demand fall ?

The price elasticity of demand for a good is -0.4 if its price increases by 5 percent, by what percentage will its demand fall ? Calculate.

P.e_(D) = (-)1 , what will be percentage change in price that will raise the demand from 20 units to 30 units.

Calculate the P.e_(D) for a commodity when its price increases by 25% and quantity demanded falls from 150 units to 120 units.

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

RADHA BHUGANA-ELASTICITY OF DEMAND-Unsolved Numericals
  1. P.e(D)= (-) 0.2 if price incerases by 8% , by what percent will the de...

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |