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When price of a priduct doubles , its de...

When price of a priduct doubles , its demad falls to half of what it was before the price change. Calculate price elasticity of demand .

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`E_(P)=(% " change in " Q_(d))/(% " change in P")=(-50%)/(100%)=(-)0.5`
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SK AGGARWALA-PRICE ELASTICITY OF DEMAND-Understanding Based Questions from CBSE
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  2. A consumer consumes only two goods A and B and is in equilicbrium . Pr...

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  3. Give meaning of an inferior good and explain the same with the help o...

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  4. Explain the concept of (MRS) with the help of a numerical example . A...

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  5. Explain the conditions of consumer ' s equilibrium under Idifference C...

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  6. Distinguish between an inferior good and a normal good . Is a good whi...

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  7. Price of a good rises from Rs.5 to Rs. 6 per unit but it had no effec...

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  8. A cosumer consumes only two good . Explain consumer's equilibrium with...

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  9. A consumer consumes only two goods X and Y both priced at Rs. 3 per un...

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  10. A consumer consumes only two goods X and Y whose prices are Rs. 4 and...

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  11. Price elasticty of demand of good X is -2 and of good Y is -3. which o...

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

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  13. Show that there is inverse relation between price of a commodity and i...

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  14. A consumer 's income is Rs. 200 . He spends it on purchase of good x ...

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  15. The measure of price elasticity of demand of a normal good carries min...

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  16. Given market price of a good how does consumer decide as to how many o...

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  17. What is the relation between good x and y in each case , if with the r...

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  18. When the price of X doubles , its quantity demanded falls by 60 perce...

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  19. When price of a commodity X falls by 10 percent , its demand rises fro...

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