Home
Class 11
ECONOMICS
E(P) of a good is - 5. At a price of Rs...

`E_(P)` of a good is - 5. At a price of Rs. 10 per unit consumer busy 200 units . At what price will busy 100 units ?

Text Solution

Verified by Experts

The correct Answer is:
Rs. 11
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

E_(P) of a good is -3 . At a price of Rs. 8 per unit a consumer busy 160 units of the good . How many units of the good will the consumer buy when price falls to Rs. 6 per units ?

Price elasticity of demand of a good is (-) 2. At a price of Rs. 10 per unit 40 units of this good are bought . How units will be bought at a price of Rs. 11 per unit ? Calculate.

A consumer buys 80 units ofa good at a price of ₹5 per units. Suppose, the price elasticity of demand is (-)2. At what price will he buy 64 units ?

When the price of good X is ₹ 5, the consumer buys 100 units of good X. At what price would he willing to purchase 140 units of good X ? The price elasticity of demand for good X is 2.

A consumer busy 50 units of a good at Rs. 10 per unit . At a price of Rs.8 per unit he busy 100 units . Find out E_(P) .

E_(P) of a good is -4. When price of this good rises from Rs. 5 to Rs. 6 per unit , a consumer busy 40 units less . How many units did he buy at Rs. 5 ?