Home
Class 11
ECONOMICS
Calculate the P.e(D) for a commodity wh...

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

Text Solution

Verified by Experts

The correct Answer is:
`P.e_(D)=0.8`
Promotional Banner

Topper's Solved these Questions

  • ELASTICITY OF DEMAND

    RADHA BHUGANA|Exercise Long Answer type Questions|2 Videos
  • ELASTICITY OF DEMAND

    RADHA BHUGANA|Exercise Unsolved Numericals|24 Videos
  • ELASTICITY OF DEMAND

    RADHA BHUGANA|Exercise Very short answer|9 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

Calculate the price elasticity of demand for a commodity when its price increase by 25% and quantity demanded falls from 150 units to units.

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

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

P.e_(D) of a good is (-)1. when its price falls by one rupee, its demand rises from 16 units to 18 units. Calculate the price before change.

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 coefficient of price elasticity of demand for a commodity is 0.2. when price was ₹ 10 per unit. The quantity demanded was 40 units. If the price falls to ₹ 5 per unit, how much will be its quantity demanded ?

the price of a commondity is ₹ 12 per unit and its quantity demanded is 500 units. When price rises by ₹ 3 per unit, its quantity demanded falls by 150 units. Calculate its price elasticity of demand. Is demand elastic ?

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.

RADHA BHUGANA-ELASTICITY OF DEMAND-Short Answere type Questions
  1. what is meant by price elasticity fo demand ? Explain any two factors ...

    Text Solution

    |

  2. How is price elasticty of demand of a commodity affected by the number...

    Text Solution

    |

  3. Mention any three factors that affect the price elasticity of demand f...

    Text Solution

    |

  4. How does the nature of a commodity influence its price elasticity of d...

    Text Solution

    |

  5. Explain the significance of " minus sign" attched to the measure of pr...

    Text Solution

    |

  6. How is price elasticty of demand affected by: (i) Number of substitu...

    Text Solution

    |

  7. When price of a commodity fall by ₹1 per unit, its quantity demande...

    Text Solution

    |

  8. Quantity demanded of a commodity rises by 6 units when its price falls...

    Text Solution

    |

  9. from the following data, calculate price elasticity of demand.

    Text Solution

    |

  10. when price of a good is ₹ 12 per unit, the consumer buys 24 units o...

    Text Solution

    |

  11. When price of a good is ₹ 13 per unit, the consumer buys 11 units o...

    Text Solution

    |

  12. Calculate the P.e(D) for a commodity when its price increases by 25% ...

    Text Solution

    |

  13. A 5% fall in the price of a good raises its demand from 300 untis to 3...

    Text Solution

    |

  14. The demand for good rises by 20% as a result of fall in its price. Its...

    Text Solution

    |

  15. A consumer buys 18 units of a good at a price of ₹9 per unit. The pr...

    Text Solution

    |

  16. P.e(D) of a good is (-)1. when its price falls by one rupee, its deman...

    Text Solution

    |

  17. When price of a good falls from ₹ 15 per unit to ₹ 12 per unit, it...

    Text Solution

    |

  18. P.e(D) of a good is (-)1. Calculate the % change in price that will ra...

    Text Solution

    |

  19. A consumer spends ₹100 on a good priced at ₹4 per unit. When its p...

    Text Solution

    |

  20. A consumer spends ₹ 400 on a good priced at ₹8 per unit. When its ...

    Text Solution

    |