Elasticity of Demand

A consumer buys 50 units of a good at a price of Rs 10 per unit. When the price falls to Rs 5 per unit he buys 100 units. Find out price elasticity by percentage method

• -2

• -1

• -3

• -2.5

A 5% fall in price of a good results in 10% rise in its demand .Calculate Ed

• -1

• -3

• -2

• -5

A consumer buys 50 units of a good at Rs 4 per unit. When its price falls by 25% its demand rises to Rs 100 units. Find out the elasticity of demand.

• -2

• -4

• -3

• -1

The price of a commodity is Rs 15 per unit and its quantity demanded is 500 units. Its quantity demanded rises by 80 units as a result of a fall in its price by 20 %.Calculate Ed

• -1

• -0.8

• -0.5

• -0.6

A consumer buys 5 units of a good at a price of Rs 4 per unit. When price falls to Rs 3 per unit he buys 10 units. Calculate Ed

• -0.3

• -0.20

• -0.5

• -0.16

The price of a commodity is Rs 50 per unit and its quantity demanded is 500 units .Its price rises to Rs 60 per unit and quantity demand falls by 90 units. Calculate Ed

• -1

• -0.6

• -0.9

• -2

A consumer spends Rs 250 on a good when its price is Rs 5 per unit. When the price rises to Rs 6 per unit he spends Rs 240 .Calculate Rs Ed

• -2

• -1

• -4

• -3

When price of a good is RS 13 per unit the consumer buys 11 units of that good .when price rises to Rs 15 per unit, the consumer continues to buy 11 units. Calculate price elasticity of demand.

• -1

• 0

• -2

• -3

A decline in the price of good X by Rs 5 cause an increase of 20 units on its demand which goes up to 50 units. The new price is Rs 15 .Calculate Ed

• $-\frac{8}{3}$
  

• $-\frac{5}{3}$
  

• $-\frac{7}{3}$
  

• $-\frac{9}{3}$

A consumer buys 10 units of good x at a price of Rs 5 per unit. The price elasticity of demand for this demand for this good is 2 . Price falls to Rs 4 per unit. How many units of good X will he now buy at this price?

• 14

• 15

• 16

• 17