Home
Class 11
ECONOMICS
Price elasticity of demand of a good is ...

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.

Text Solution

Verified by Experts

`E_(P)=(P)/(Q)xx(DeltaQ)/(DeltaP)`
`(-)2=(10)/(40)xx(DeltaQ)/(1)`
`(-)80=10DeltaQ`
`DeltaQ=-8`
New `Q=Q+DeltaQ=40+(-8)=32` units.
Promotional Banner

Topper's Solved these Questions

  • PRICE ELASTICITY OF DEMAND

    SK AGGARWALA|Exercise VALUE BASED QUESTIONS|3 Videos

  • PRICE ELASTICITY OF DEMAND

    SK AGGARWALA|Exercise Understanding Based Questions from CBSE|19 Videos

  • PRICE ELASTICITY OF DEMAND

    SK AGGARWALA|Exercise APPLICATION QUESTIONS|11 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 ?

The price elasticity of demand of a good is (-) 0.5. At a price fo ₹ 20 per unit its demand is 300 units. At what price will its demand increase by 10 percent ?

A consumer buys 30 units of a good at a price of ₹ 10 per unit. Price elasticity of demand for the good is (-) 1. How many units the cosumer will by ata price of ₹ 9 per unit ? Calculate.

A consumer buys 30 units of a good at a price of ₹ 10 per unit. Price elasticity of demand for the good is (-) 1. How many units the consmer will buy at a price of ₹ 9 per unit ? Caculate.

Price elasticity of demand of a good is (-)2. The consumer buys a certain quantity of this good at a price of Rs. 8 per unit . When the price falls he buys 50 percent more quantity . What is the new price ?

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 ?

A consumer buys 18 units of a good at a price of ₹ 9 per unit. The price elasticity of demand for the good is (-)1. how many units the consumer will buy at a price of ₹ 10 per unit ? Calculate.

A consumer buys 18 units of a good at a price of ₹9 per unit. The price elasticity of demand for the good is (-)1. How many units the consumer will buy at a price of ₹ 10 per units ? Calculate

SK AGGARWALA-PRICE ELASTICITY OF DEMAND-SOME IMPORTANT QUESTIONS
  1. What is meant by price elasticity of demand ?

    Text Solution

    |

  2. Explain the expenditure method of measuring price elasticity of demand...

    Text Solution

    |

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

    Text Solution

    |

  4. Give meaning of perfectly elastic demand and perfectly inelastic deman...

    Text Solution

    |

  5. Price elasticity of demand of a good is (-) 2. At a price of Rs. 10 pe...

    Text Solution

    |

  6. At a price of Rs. 50 per unit the quantity demanded of a commodity is ...

    Text Solution

    |

  7. When price of a good falls by 10 percent , its quantity demanded rises...

    Text Solution

    |

  8. The quantity demanded of a commodity rises from 800 units to 850 unit...

    Text Solution

    |

  9. Price elasticity of demand of a good is (-) 1. At a given price the co...

    Text Solution

    |

  10. Price elasticity of demand of a good is (-)2. The consumer buys a cert...

    Text Solution

    |

  11. Why is demand for water inelastic ?

    Text Solution

    |

  12. On the basis of the following schedule , calculate price elasticity of...

    Text Solution

    |

  13. When price of a good is Rs. 13 per units , the consumer buys 11 units ...

    Text Solution

    |

  14. When price of a good is Rs. 7 per unit a consumer busy 12 units . When...

    Text Solution

    |

  15. When price of a priduct doubles , its demad falls to half of what it w...

    Text Solution

    |

  16. Price elasticity of demand of a good is (-)1 . When its price falls by...

    Text Solution

    |

  17. When price of a good falls from Rs. 15 per unit to Rs. 12 per unit , i...

    Text Solution

    |

  18. Price elasticity of demand of a good is (-)1 . Calculate the percentag...

    Text Solution

    |

  19. Price elasticity of demand of two good A and B (-) 3 and (-)4 erspecti...

    Text Solution

    |

  20. What will be the effect of 10 percent rise in price of a good on its d...

    Text Solution

    |