No products in the cart.

A Consumer buys 160 units of …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

A Consumer buys 160 units of goods at a price of Rs 8 per unit. Price falls of Rs 6 per unit. How much quantity will the consumer buy at a new price if price elasticity of demand is -1?

Posted by Lalit Agarwal 6 years, 4 months ago

CBSE > Class 11 > Economics

1 answers

Rohan Dey 6 years, 4 months ago

Here p=8, Q=160, ∆p= 6-8 = -2 (price falls by ₹2 per unit), Ep= ∆Q/∆p×P/Q (-)2 = ∆Q/-2×8/160 (-)2= ∆Q/-40 ∆Q= 80 Therefore consumer will buy 240 units (160+80) at a new price of ₹6

ANSWER

https://examin8.com

Test

Related Questions

Featured of ur

Posted by Meet Gangwal 1 year, 4 months ago

CBSE > Class 11 > Economics

1 answers

I want statistics economics numerical questions of chapter 4 Organisation of data of writer RADHA BAHUGUNA book

Posted by Mansi Patel 1 year, 4 months ago

CBSE > Class 11 > Economics

0 answers

What is difference between table and tabulation?

Posted by Vivek Saroj 1 year, 4 months ago

CBSE > Class 11 > Economics

0 answers

Features of ur

Posted by Meet Gangwal 1 year, 4 months ago

CBSE > Class 11 > Economics

0 answers

Define market demand explain the factors that affect it class 11th microeconomics

Posted by Mahi Bansal 1 year, 4 months ago

CBSE > Class 11 > Economics

0 answers

Production include all those activity which are Undertaker to produce good and services for the generation of income by enhancing the utility of dash and dash

Posted by Himanshi Rathore 1 year, 4 months ago

CBSE > Class 11 > Economics

0 answers

Notes

Posted by Maryam Ayaz 1 year, 4 months ago

CBSE > Class 11 > Economics

0 answers

find arithmetic mean of following distribution_marks 0-4 4-8 8-12 12-16 no. Of students 4 8 2 1

Posted by Charvi Charvi 1 year, 4 months ago

CBSE > Class 11 > Economics

0 answers

Different between primary and secondary data

Posted by Shiv Narayan Kumar 1 year, 4 months ago

CBSE > Class 11 > Economics

1 answers

The following news was printed in the Economic Times: "Narrow petrol-diesel price gap and higher price of diesel cars alter buyer preference." Explain this statements linking it to the concept of elasticity of demand. Open in App

Posted by Sneha Badhwar 1 year, 4 months ago

CBSE > Class 11 > Economics

0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App