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When price of a commodity X falls by 10 per cent. Its demand rises from 150 units to 180 units. Calculate is price elasticity of demand. How much should be the percentage fall in its price so that its demand rises from 150 to 210 units? 1 AnswerWhen the price of a commodity changes from Re 4 per unit to Re 5 per unit, its market supply rises from 100 units to 120 units. Calculate the price elasticity of supply. Is supply elastic ? Give reason. (ECONOMICS-CBSE-12-2018)1 AnswerAs we move along a downward sloping straight line demand curve from left to right, price elasticity of demand : (choose the correct alternative) - CBSE Economics class 12 20171 AnswerWhen the price of good rise from Rs 10 per unit to Rs 12 per unit, its quantity demanded falls by 20 percent. Calculate its price elasticity of demand. How much would be the percentage change in its quantity demanded, if the price rises from Rs 10 per unit to Rs 13 per unit? - CBSE Economics class 12 20171 AnswerDemand for a good is termed inelastic through the expenditure approach when if (choose the correct alternative) - CBSE Economics class 12 20171 AnswerWhy does the demand for foreign currency fall and supply rises when its price rises? Explain. - CBSE Economics class 12 20171 AnswerThe demand of a commodity when measured through the expenditure approach is inelastic. A fall in its price will result in : (choose the correct alternative) - CBSE Economics class 12 - 20171 AnswerShow that demand of a commodity is inversely related to its price. Explain with the help of utility analysis.1 AnswerA producer supplies 80 units of a good at a price of Rs 10 per unit. Price elasticity of supply is 4. How much will he supply at Rs 9 per unit? - CBSE Class 12 Economics 20161 AnswerPrice elasticity of demand of goods X is —2 and goods Y is —3. Which of the two goods is more price elastic and why? - CBSE Class 12 Economics 20161 AnswerArea of a triangle with vertices (0,0) ,(0,3) and (3,1) is (NIFT)1 AnswerThe annual demand of an item is 19845 units and the production rate is 100 units per day. The per-unit production cost (excluding setup cost) is Rs. 50, the per-unit holding cost is Rs. 10 per year and setup cost is Rs. 520 per setup. To minimize the total annual cost, the optimum quantity to be produced per setup is ______0 AnswerIn a genetic cross between the genotypes WWXX and wwxx, the following phenotypic distributions were observed among the F2 progeny: WX, 562; wx, 158; Wx, 38; and wX, 42. Likewise, a cross between XXYY and xxyy yielded the following results: XY, 675; x1 AnswerThe original price of a Television is Rs. 9600. The price is discounted by 20% and then raised by 10%. Its new price in rupees will be: (nift ug)1 AnswerThe water consumption of a high rise apartment building with 60 dwelling units having an average household size of 5 persons is 135 lpcd. Assuming 80% of the total use is met with recycled water supply, the daily domestic demand for the building is _________ litres. (GATE-Architecture-Planning-2018)1 AnswerThe cost function for a product in a firm is given by 5q^2, where q is the amount of production. -gate-cse-20121 AnswerThe following gamma ray (GR) log data are recorded in a borehole: GR log value against a formation = 30 API units, Maximum GR log value = 45 API units, Minimum GR log value = 20 API units. (-Gate geology and geophysics 2014)1 AnswerFull form of BOD is2 AnswerT he breakeven point of a manufacturing company is 50000 units. The fixed cost is Rs. 200000 and the variable cost per unit is Rs. 20. The selling price per unit (in Rs.) of the product at this breakeven point is ______0 AnswerAny statement above demand for a good is considered complete only when the following is/are mentioned in it. ( choose the correct alternative) - CBSE Economics class 12 20171 Answer
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