The Price of a tiffin box is Rs. 100 per unit and the quantity demanded in a market is 1,25,000 units . Company increased the price to Rs.125 per unit due to this increase in price quantity demanded decreases to 1,00,000 units. what will be price elasticity of demand ______
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The cross elasticity of demand between two perfect substitutes will be
Which factor generally keeps the price-elasticity of demand for a good low:
When the total expenditure incurred by the consumers on a commodity due to a change is its price remains the same, then the elasticity of demand for that commodity will be:
For a commodity with a unitary elastic demand curve if the price of the commodity raises, then the consumer’s total expenditure on this commodity would:
Suppose the price of movies seen at a theatre rises form Rs. 120 per person to Rs. 200 per person. The theatre manager observes that the rise in price leads to a fall in attendance at a given movie from 300 to 200 persons what is then price elasticity of demand for movies:
The horizontal demand curve parallel to x-axis implies that the elasticity of demand is:
Original price of a commodity is Rs. 500 and quantity demanded of that is 20 kgs. If the price rises to Rs. 750 and the quantity demanded reduces to 15 kgs. The price elasticity of demand will be:
What is the original price of a commodity when price elasticity is 0.71 and demand changes from 20 units to 15 units and the new price is Rs. 10?
For what type of good does demand fall with a rise in income levels of households?
In case of luxury goods, the income elasticity of demand will be_______
In the case of a straight-line demand curve meeting the two axes, the price-elasticity of demand at the mid-point of the line would be:
When price falls by 5% and demand increase by 6%, then elasticity of demand is______.
If demand is parallel to x-axis, what will be the nature of elasticity?
Demand of i-pod increases from 950 to 980 and income increases from 9,000 to 9,800 . What is income elasticity?
In case of substitute goods, cross elasticity is ________
When price falls from Rs. 6 to Rs. 4, the demand rises form 10 to 15 units. Calculate price elasticity of demand. (Point elasticity)
Increase in Price from Rs. 4 to Rs. 6 then decrease in demand from 15 units to 10 units. What is the price elasticity. (Point elasticity)
The quantity demanded does not respond to price change and so the elasticity is:
When the price of cylinder rises form Rs. 120 to Rs. 200, the demand falls from 300 to 200. Calculate price elasticity of demand.
135 videos|190 docs|88 tests
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135 videos|190 docs|88 tests
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