Home
Class 11
ECONOMICS
A 5 percent fall in the price of X leads...

A 5 percent fall in the price of X leads to a 10 percent rise in demand for X. A2 per cent reise in the price of Y leads to a 6 percent fall in demand for Calculate the price elasticity of demand of X and Y.

Promotional Banner

Similar Questions

Explore conceptually related problems

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 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 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% in price of x causes 10 % rise in demand for x. A 20% rise in price of y leads to 5% fall in demand for y. calculate P.e_(D) for x and y. which is more elastic ?

A 5 per cent fall in the price of a good raises its demand from 300 units to 318 units. Calculate its price elasticity of demand.

When price of a good falls by 50 percent, its demand rises by 60 percent . Calculate its price ealsticity of demand.

As price of a 5 per cent fall in the price of a good, its demand rises by 12 % find out the price elasticity of demand.