Home
Class 12
ECONOMICS
Give the formula for measuring price ela...

Give the formula for measuring price elasticity of demand according to point method.

Text Solution

Verified by Experts

Elasticity of demand (ED)
Lower segment of `=("demand curve (LS)")/("Upper Segment of demand curve (US)")`
Promotional Banner

Topper's Solved these Questions

  • DEMAND

    FULL MARKS|Exercise NCERT TEXTBOOK QUESTIONS SOLVED|95 Videos
  • INTRODUCTION TO ECONOMICS

    FULL MARKS|Exercise NCERT TEXTBOOK QUESTIONS SOLVED|122 Videos

Similar Questions

Explore conceptually related problems

Explain price elasticity of demand.

Calculate price elasticity of demand:

FULL MARKS-ELASTICITY OF DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
  1. Why is price elasticity of demand has negative sign always ?

    Text Solution

    |

  2. Given the formula for measuring price elasticity of demand according t...

    Text Solution

    |

  3. Give the formula for measuring price elasticity of demand according to...

    Text Solution

    |

  4. Define perfectly inelastic demand.

    Text Solution

    |

  5. Define perfectly elastic demand.

    Text Solution

    |

  6. Demand for product X is perfectly elastic. What will be the change in ...

    Text Solution

    |

  7. If ED lt 1, in which portion the point would be located on a straight ...

    Text Solution

    |

  8. When is the demand of a commodity said to be inelastic ?

    Text Solution

    |

  9. If price elasticity of demand for a product is equal to one, what will...

    Text Solution

    |

  10. A rise in the price of a good results in an increase in expenditure on...

    Text Solution

    |

  11. If two demand curves intesect, which one has the higher price elastici...

    Text Solution

    |

  12. What happens to total expenditure on a commodity when its price falls ...

    Text Solution

    |

  13. A poor household with no or very little income remains underfed. If th...

    Text Solution

    |

  14. How will a rich household's demand for low - quality rice respond to a...

    Text Solution

    |

  15. In case of a straight line demand curve meeting the two axes, the pric...

    Text Solution

    |

  16. Identify the factor which generally keeps the price elasticity of dema...

    Text Solution

    |

  17. Identify the coefficient of price elasticity of demand when the percen...

    Text Solution

    |

  18. If the demand for a good is inelastic, an increase in its price will c...

    Text Solution

    |

  19. Which one of the following four possibilities, results in an increase ...

    Text Solution

    |

  20. The price elasticity of demand for hamburger is :

    Text Solution

    |