Calculation of Price or Quantity (When elasticity of demand is given)
11.❤ The coefficient of price elasticity of demand for a commodity is 0.2. When price was 10 per
the quantity demanded was 40 units. If the price falls to 5 per unit, how much will be its quar
12.❤ Market demand for a good at a price of 10 per unit is 100 units. When its price changes, its mark
13.❤ A consumer buys 160 units of a good at a price of 8 per unit. Price falls to 6 per unit. How mu
14.❤ A consumer buys 200 units of a good at a price of 5 per unit. With change in price, he buys or
the elasticity
to 15
demanded?
demand falls to 50 units. Find out the new price, if the price elasticity of demand is (-) 2.
quantity will the consumer buy at the new price, if price elasticity of demand is (-) 2?
(44 un
123
(240 un
(100 un
100 units. If price elasticity is (-) 1, find out the changed price.
15. ❤Price of a commodity decreases from 10 to 35 per unit. If the price elasticity of demand is 3 and
original quantity demanded is 40 units, calculate the new quantity demanded.
16.❤ The elasticity of demand for salt is zero. If the demand is 2 kg at the price of 5 per kg, calculate
demand, if the price rises to 7.50 per kg?
2
17.❤ Price elasticity of demand for a commodity is unity and a household demands 50 units of it when
price is 32 per unit. At what price will the household demands 45 units of the commodity?
12
18.❤ The quantity demanded of a commodity falls by 5 units when price rises by 1 per unit. Its price elasti
of demand is (-) 1.5. Calculate the price before change if it this price quantity demanded was 60 un
19. ❤When price of a commodity falls by 1 per unit, its quantity demanded rises by 3 units. Its price elasti
of demand is (-) 2. Calculate its original quantity demanded if the price before the change was
per unit.
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