Question

The Demand schedule of a commodity changes as follows by consumers A & B-
Price per unit
(₹)
A B
Quantity demanded
(units per period)
Quantity demanded
(units per period)
10 200 150
20 120 100
30 80 60
40 60 20
50 20 10
Draw demand curve for both A & B and calculate the elasticity demand of when price rises from
₹ 30 to ₹ 40 in both case A and B and mention type of price elasticity.​

Answer 1

Answer:

The Demand schedule of a commodity changes as follows by consumers A & B-

Price per unit

(₹)

A B

Quantity demanded

(units per period)

Quantity demanded

(units per period)

10 200 150

20 120 100

30 80 60

40 60 20

50 20 10

Draw demand curve for both A & B and calculate the elasticity demand of when price rises from

₹ 30 to ₹ 40 in both case A and B and mention type of price elasticity.