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Complete the correlation: Ratio method : Ed = QP%△Q%△P :: _______ : Ed = Lower segmentUpper segmentLower segmentUpper segment - Economics

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प्रश्न

Complete the correlation:

Ratio method : Ed = `(%triangle"Q")/(%triangle"P")` :: _______ : Ed = `"Lower segment"/"Upper segment"`

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उत्तर

Ratio method : Ed = `(%triangle"Q")/(%triangle"P")` :: Point or Geometric Method : Ed = `"Lower segment"/"Upper segment"`

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अध्याय 3.2: Elasticity of Demand - EXERCISE [पृष्ठ ३५]

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बालभारती Economics [English] 12 Standard HSC
अध्याय 3.2 Elasticity of Demand
EXERCISE | Q 3. 5) | पृष्ठ ३५

संबंधित प्रश्न

The price elasticity of demand on a linear demand curve at the X-axis is ______.


Find the odd word

Method of measuring price elasticity of demand -


  1. Which method of measuring elasticity is used in above diagram? (1m)
  2. Mention the type of elasticity at point ‘C’? (1m)
  3. Find out the elasticity at point ‘D’ by applying formula (2m)

Explain the Total expenditure method and Geometric method of measuring price elasticity of demand.


Explain the Ratio method of measuring price elasticity of demand.


Explain the Ratio or percentage method of measuring price elasticity of demand.


Complete the correlation:

Ratio method : `"Ed"= (%\Delta"Q")/(%\Delta"P")  :: "______" : "Ed" = "Lower segment"/("Upper segment"`


Complete the correlation :

Ratio method : Ed = `(%Delta"Q")/(%Delta"P")` :: ______ : Ed = `"Lower segment"/"Upper segment"`


Complete the correlation:

______ : Straight line demand curve : : Non-linear demand curve : Curved line demand curve


Ratio method : Ed = `(%ΔQ)/(%ΔP)` :: ______ : Ed = `("Lower segment")/("Upper segment")`


Complete the correlation:

Ratio method : Ed = `(%Δ Q) / (% Δ P)` :: ______ : Ed = `("Lower segment")/("Upper segment")`


Complete the correlation:

Ratio method : Ed = `(%DeltaQ)/(%DeltaP)` :: ______ : Ed : `"Lower segment"/"Upper segment"`


Complete the correlation :

Ratio method : Ed = `(%ΔQ)/(%ΔP)` :: _____ : Ed = `"Lower segment"/"Upper segment"`


Complete the correlation:

Ratio method : Ed = `(%ΔQ)/(%ΔP)` : : ______ : Ed = `("Lower segment")/("Upper segment")`


Complete the correlation:

Ratio method : Ed = `(%triangle"Q")/(%triangle"P")` :: _______ : Ed = `"Lower segment"/"Upper segment"`


Complete the correlation:

Ratio method : Ed = `("%"\Delta"Q")/("%"\Delta"P")` :: ______  : Ed =`("Lower segment") /("Upper segment")`


Complete the correlation: 

Ratio method : Ed = `\(%Delta "Q") /(%\Delta "P"` :: ______ : Ed = `\("Lower segment")/("Upper segment")`  


If demand increases by 50% due to an increase in price by 75%, calculate the price elasticity of demand.


Which of the following goods have inelastic demand?


The coefficient of price elasticity of a good is 0.8, its demand will said to be ______.


The coefficient of price elasticity of a good is 0.8, its demand will said to be ______.


As a result of a 5% increase in price, the demand for commodity X increases by 12%. The price elasticity of demand will be ______.


The price of a commodity goes up from ₹ 26 to ₹ 30 as a result of which demand falls from 4 units to 2 units, the price elasticity of demand is ______.


If the percentage increase in the quantity of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is ______.


Assertion (A): Suppose that a 2 per cent drop in the price of chocolate causes a 2 per cent increase in quantity demanded. This case is termed unit elasticity.

Reason (R): In this example, Ed is exactly 1 (or unity). Ed = `2/2=1`


When is the demand for a commodity is said to be elastic?


Select the commodities from the following which have inelastic demand:


Is the demand for the following commodities elastic or inelastic?

  1. Salt
  2. Foodgrains
  3. Petrol
  4. Needles
  5. Green vegetables
  6. Four Square cigarettes
  7. Water

When the price of a commodity falls by 80%, the quantity demanded increases by 100%. Find out its price elasticity of demand.

Ed = `100/80 = 1.25`


State the formula for calculating the price elasticity of demand using the percentage method.


The price of a commodity falls from ₹15 to ₹10. As a result, demand rises from 100 units to 150 units, Use the expenditure method to find the price elasticity of demand.


Study the table given below and state whether demand is elastic or inelastic. Give reasons for your answer.

Price in (₹) Total outlay (₹)
5 25
3 18

How do we determine whether the demand for a particular commodity is elastic or inelastic?


With the help of a diagram, explain the condition when Ep = 1.


Give two examples of inelastic demand.


What is meant by unitary elastic demand?


Give two examples of unitary elastic demand.


Arrange the following coefficients of price elasticity of demand in ascending order.

−0.87, −0.53, −31 , −0.80


Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.

A consumer postpones the purchase of a refrigerator till the off-season sale.


State whether demand for the following goods is elastic or inelastic?

  1. car
  2. textbooks
  3. cigarettes
  4. diamonds
  5. milk
  6. seasonal vegetables
  7. coal
  8. Dawat basmati rice
  9. needles
  10. colour T.V.

From the following state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.

demand for school uniform


From the following state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.

demand for refrigerators


From the following state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.

demand for personal computers


From the following state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.

Demand for precious stones and costly jewellery


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