CONNECTING CLASS TO HOME

CLASS- XI
STREAM- COMMERCE
SUBJECT- ECONOMICS
CHAPTER IV – ELASTICITY OF DEMAND
ASSIGNMENT
TOPIC- NUMERICALS OF ELASTICITY OF DEMAND

1. The price of a commodity falls from Rs 50 to Rs 30, resulting in an increase in the

purchase of the commodity from 200 units to 220 units. Calculate the price elasticity of
demand. (Ans =0.25)
2. A consumer buys 50 units of a good at Rs 4 per unit. If its price falls by 25 per cent, its
demand rises to 100 units. Calculate its price elasticity of demand. (Ans = 4)

3 At a price of Rs 4 per unit a consumer buys 50 units of a good. The price elasticity of
demand is (-2) .How many units will the consumer buys at a price of Rs 3 per unit?
(Ans.75 units).
4. The quantity demand of a commodity at price Rs 8 per unit is 600 units. Its price falls by
25% and quantity demand rises by 120 units. Calculate price elasticity of demand. Is its
demand elastic. (Ans.-0.8)

5. Calculate the quantity demand of a commodity when the price increases from Rs 4 to Rs
6.Theoriginal quantity demanded was 40 units and the price elasticity of demand is 0.5
(Ans= 30)
6. The price elasticity of demand of a good is 0.5.The consumer buys 50 units of the good at a
price of Rs 10 per unit’s .At what prices will the consumer willing to buy 60 units.
(Ans. Rs 6)

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