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Find the odd word Method of measuring price elasticity of demand - - Economics

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प्रश्न

Find the odd word

Method of measuring price elasticity of demand -

विकल्प

  • Ratio method

  • Total outlay method

  • Income method

  • Geometric method

MCQ
एक शब्द/वाक्यांश उत्तर

उत्तर

Income method

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अध्याय 3.2: Elasticity of Demand - Find the odd word

संबंधित प्रश्न

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


Explain the total outlay method of measuring 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 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 :

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


Ratio method: Ed = `(%Delta"Q") /(%Delta"UP")`:: ______: 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 = `(%ΔQ)/(%ΔP)` :: ______ : 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 = `(%triangle"Q")/(%triangle"P")` :: _______ : Ed = `"Lower segment"/"Upper segment"`


Complete the correlation: 

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


Ratio method : Ed = `(%DeltaQ)/(%DeltaP)` :: ______ : 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 ______.


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 price of a commodity decreases from ₹ 70 per unit to ₹ 60 per unit and the quantity demanded remains the same, then the price elasticity of demand for that commodity will be ______.


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`


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

When % change in demand is greater than % change in price, it is a case of inelastic demand. Write true or false. Give reason.


With the help of a diagram, explain the condition when EP < 1.


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.


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

Demand for cigarettes by a habitual smoker.


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.


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 cigar by a chain smoker


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 diesel and petrol


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