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Suppose that initial demand 100 units. W...

Suppose that initial demand 100 units. With rise in price by ₹5 , the quantity demanded decreases by 5 units . Elasticity of demand is 1.2 find out initial price.
( Hint. Use negative sign in the formula )

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The correct Answer is:
` ₹120`
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RADHA BHUGANA-ELASTICITY OF DEMAND-Unsolved Numericals
  1. At ₹ 8 per unit a consumer buys 160 units of a good. How much quant...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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