Commerce Exam  >  Commerce Questions  >  What will be effect of 10% rise in price of a... Start Learning for Free
What will be effect of 10% rise in price of a good on its demand if price elasticity of demands is a) zero b) -1 c) -2. (3) marks?
Most Upvoted Answer
What will be effect of 10% rise in price of a good on its demand if pr...
Well rise in price is already given i.e 10% now in case of price elasticity of demand =0 the quantity demand is 0%, in case of Ed =-1 quantity demand is -10% and in case of Ed=-2 quantity demand is -20%...
Community Answer
What will be effect of 10% rise in price of a good on its demand if pr...
In case of zero elasticity qty demand remains the same ..in case of 1 demand decreases by 10℅
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Top Courses for Commerce

What will be effect of 10% rise in price of a good on its demand if price elasticity of demands is a) zero b) -1 c) -2. (3) marks?
Question Description
What will be effect of 10% rise in price of a good on its demand if price elasticity of demands is a) zero b) -1 c) -2. (3) marks? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What will be effect of 10% rise in price of a good on its demand if price elasticity of demands is a) zero b) -1 c) -2. (3) marks? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What will be effect of 10% rise in price of a good on its demand if price elasticity of demands is a) zero b) -1 c) -2. (3) marks?.
Solutions for What will be effect of 10% rise in price of a good on its demand if price elasticity of demands is a) zero b) -1 c) -2. (3) marks? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of What will be effect of 10% rise in price of a good on its demand if price elasticity of demands is a) zero b) -1 c) -2. (3) marks? defined & explained in the simplest way possible. Besides giving the explanation of What will be effect of 10% rise in price of a good on its demand if price elasticity of demands is a) zero b) -1 c) -2. (3) marks?, a detailed solution for What will be effect of 10% rise in price of a good on its demand if price elasticity of demands is a) zero b) -1 c) -2. (3) marks? has been provided alongside types of What will be effect of 10% rise in price of a good on its demand if price elasticity of demands is a) zero b) -1 c) -2. (3) marks? theory, EduRev gives you an ample number of questions to practice What will be effect of 10% rise in price of a good on its demand if price elasticity of demands is a) zero b) -1 c) -2. (3) marks? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev