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A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month.After some time, he raises the price to Rs. 15 per pen. Following the price rise: Only 60 pens were sold every month. The number of refills bought went down from 200 to 150. The number of ink pen customers bought went up from 90 to 180 per month.Q.What can be said about the price elasticity of demand for pen?a)It is perfectly elasticb)It is elasticc)It is perfectly inelasticd)It is inelasticCorrect answer is option 'B'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared
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the CA CPT exam syllabus. Information about A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month.After some time, he raises the price to Rs. 15 per pen. Following the price rise: Only 60 pens were sold every month. The number of refills bought went down from 200 to 150. The number of ink pen customers bought went up from 90 to 180 per month.Q.What can be said about the price elasticity of demand for pen?a)It is perfectly elasticb)It is elasticc)It is perfectly inelasticd)It is inelasticCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam.
Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month.After some time, he raises the price to Rs. 15 per pen. Following the price rise: Only 60 pens were sold every month. The number of refills bought went down from 200 to 150. The number of ink pen customers bought went up from 90 to 180 per month.Q.What can be said about the price elasticity of demand for pen?a)It is perfectly elasticb)It is elasticc)It is perfectly inelasticd)It is inelasticCorrect answer is option 'B'. Can you explain this answer?.
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Here you can find the meaning of A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month.After some time, he raises the price to Rs. 15 per pen. Following the price rise: Only 60 pens were sold every month. The number of refills bought went down from 200 to 150. The number of ink pen customers bought went up from 90 to 180 per month.Q.What can be said about the price elasticity of demand for pen?a)It is perfectly elasticb)It is elasticc)It is perfectly inelasticd)It is inelasticCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month.After some time, he raises the price to Rs. 15 per pen. Following the price rise: Only 60 pens were sold every month. The number of refills bought went down from 200 to 150. The number of ink pen customers bought went up from 90 to 180 per month.Q.What can be said about the price elasticity of demand for pen?a)It is perfectly elasticb)It is elasticc)It is perfectly inelasticd)It is inelasticCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month.After some time, he raises the price to Rs. 15 per pen. Following the price rise: Only 60 pens were sold every month. The number of refills bought went down from 200 to 150. The number of ink pen customers bought went up from 90 to 180 per month.Q.What can be said about the price elasticity of demand for pen?a)It is perfectly elasticb)It is elasticc)It is perfectly inelasticd)It is inelasticCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month.After some time, he raises the price to Rs. 15 per pen. Following the price rise: Only 60 pens were sold every month. The number of refills bought went down from 200 to 150. The number of ink pen customers bought went up from 90 to 180 per month.Q.What can be said about the price elasticity of demand for pen?a)It is perfectly elasticb)It is elasticc)It is perfectly inelasticd)It is inelasticCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month.After some time, he raises the price to Rs. 15 per pen. Following the price rise: Only 60 pens were sold every month. The number of refills bought went down from 200 to 150. The number of ink pen customers bought went up from 90 to 180 per month.Q.What can be said about the price elasticity of demand for pen?a)It is perfectly elasticb)It is elasticc)It is perfectly inelasticd)It is inelasticCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA CPT tests.