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The quantity demanded of a commodity ris...

The quantity demanded of a commodity rises from 800 units to 850 units when its price falls from Rs. 20 per unit to Rs. 19 per unit . Calculate its elasticity of demand.

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At a price of Rs. 50 per unit the quantity demanded of a commodity is 1000 units . When its price falls by 10 percent , its quantity demanded rises to 1080 units . Calculate its price elasticity of demand . Is its demand inelastic ? Given reasons for your answer.

At a price of ₹ 20 per unit, the quantity demanded of commodity is 300 units. If the price falls by 10% , its qunatity demanded rises by 60 units. Calculate its price elasticity.

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At a price of 40 per unit, the quantity supplied of a commodity is 400 units. When its price falls by 10 per cent, its quantity supplied falls by 36 units. Calculate its elasticity of supply.

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