Home
Class 11
ECONOMICS
A 7% fall in the price of a good leads t...

A `7%` fall in the price of a good leads to `49%` increase in demand of the good . Find out ` E_(P)`.

Text Solution

Verified by Experts

The correct Answer is:
`-7`
Promotional Banner

Topper's Solved these Questions

  • PRICE ELASTICITY OF DEMAND

    SK AGGARWALA|Exercise SOME IMPORTANT QUESTIONS|20 Videos

  • PRICE ELASTICITY OF DEMAND

    SK AGGARWALA|Exercise VALUE BASED QUESTIONS|3 Videos

  • PRICE ELASTICITY OF DEMAND

    SK AGGARWALA|Exercise LONG ANSWER QUESTIONS|3 Videos

  • PERFECT COMPETITION

    SK AGGARWALA|Exercise Value Based Qns|5 Videos

  • PRODUCER'S EQUILIBRIUM

    SK AGGARWALA|Exercise understanding Based questions from CBSE|13 Videos

Similar Questions

Explore conceptually related problems

A 3% fall in the price of X leads to a 9% rise in its demand. A 5% rise in the price of Y leads to a 5% fall in its demand. Calculate the price elasiticity of demand for X and Y. which one is more elastic ?

A 5% fall in the price of a good raises its demand from 300 untis to 318 units. Calculate P.e_(D)

A 5 % fall in the price of X leads to a 10% rise in demand for X.A 2% rise in the price of Y leads to a 6 % fall in dmeand for Y. calculate elasticity of demand of X and Y.

A 5 % fall in the price of x leads to 10 % rise in the demand for x . A 20 % rise in the price of y leads to 6 % fall in the demand for y. Calculate the price elasticities of demand of x and y. out of x and y, which commondity is more elastic ?

A fall in the income of the consumer leads to a rise in the demand for a good. What is good X called?

If due to fall in the price of good X, demand for good Y rises, the two goods are :