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प्रश्न
What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is −1?
उत्तर
10 percent fall in demand
संबंधित प्रश्न
What is meant by price elasticity of demand?
Complete the following statement:
Price elasticity of demand on a linear demand curve at the Y-axis is equal to ________.
Find the odd word
Types of elasticity of demand -
Distinguish Between
Price elasticity of demand and Income elasticity of demand
Explain the types of elasticity of demand
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R): Changes in consumers income leads to a change in the quantity demanded.
Define income elasticity of demand.
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R): Changes in consumers income leads to a change in the quantity demanded.
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R): Changes in consumers' income lead to a change in the quantity demanded.
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R): Changes in consumers income leads to a change in the quantity demanded.
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R): Changes in consumers income leads to a change in the quantity demanded.
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R): Changes in consumers income leads to a change in the quantity demanded.
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R): Changes in consumers income leads to a change in the quantity demanded.
Price elasticity of demand measures ______.
Define the term price elasticity of demand.
Explain any three types of price elasticity of demand with the help of diagrams.
Why is price elasticity of demand negative?
Price elasticity of demand of good X is −2 and of good Y is −3. Which of the two goods has more price elasticity and why?
