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Identify the coefficient of price elasti...

Identify the coefficient of price elasticity of demand when the percentage increase in the quantity of good demanded is smaller than the percentage fall in its price :

A

Equal to one

B

Greater than one

C

Smaller than one

D

Zero

Text Solution

Verified by Experts

The correct Answer is:
c
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FULL MARKS-ELASTICITY OF DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
  1. In case of a straight line demand curve meeting the two axes, the pric...

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

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

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

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

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  6. The price elasticity of demand for hamburger is :

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  7. The price elasticity of demand is defined as the responsiveness of :

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  8. A decrease in price will result in an increase in total revenue if :

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  9. An increase in price will result in an increase in total revenue if :

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  10. Differentiate between perfectly elastic and perfectly inelastic demand...

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  11. When price is Rs. 20 per unit, demand for a commodity is 500 units. As...

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  12. The demand for a goods falls to 500 units in response to rise in price...

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  13. A consumer spends Rs. 80 on a commodity when price is Rs. 1 per unit. ...

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  14. A decline in the price of good X by Rs. 5 causes an increase in its de...

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  15. A dentist was charging Rs. 300 for a standard clearing job, and per mo...

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  16. When price of a good is Rs. 7 per unit, a consumer buys 12 units. When...

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  17. A consumer buys 20 units of a good at a price of Rs. 5 per unit. He in...

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  18. A consumer buys 10 units of a commodity at a price of Rs. 10 per unit....

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  19. A consumer buys 14 units of a good at a price of Rs. 8 per unit. At pr...

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  20. A consumer spends Rs. 100 on a good at Rs. 4 per unit. When its price ...

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