10. A commodity shows Ed = (-) 2. Quantity demanded reduces from 300 u

1.	10. A commodity shows Ed = (-) 2. Quantity demanded reduces from 300 units to 150 units in responseto increase in price. Find the increased price when initially it was 20 per unit.[Ans. Increased price = * 25]
Answer» solution:- Here, Ed =(-), P = Rs 20Q = 300 UNITS, Q1 =150 units∆Q = Q1 – Q = 150 -300 = -150 unitsEd = P/Q X ∆Q/∆P-2 = 20/300 x -150/∆P-2 = -10/∆P∆P = -10/-2 =5P1 = P+∆P= 20+5 =25Ans:- New PRICE = Rs 25.

10. A commodity shows Ed = (-) 2. Quantity demanded reduces from 300 units to 150 units in responseto increase in price. Find the increased price when initially it was 20 per unit.[Ans. Increased price = * 25]

Answer»

solution:-

Here, Ed =(-), P = Rs 20Q = 300 UNITS, Q1 =150 units∆Q = Q1 – Q = 150 -300 = -150 unitsEd = P/Q X ∆Q/∆P-2 = 20/300 x -150/∆P-2 = -10/∆P∆P = -10/-2 =5P1 = P+∆P= 20+5 =25Ans:- New PRICE = Rs 25.

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10. A commodity shows Ed = (-) 2. Quantity demanded reduces from 300 units to 150 units in responseto increase in price. Find the increased price when initially it was 20 per unit.[Ans. Increased price = * 25]​

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10. A commodity shows Ed = (-) 2. Quantity demanded reduces from 300 units to 150 units in responseto increase in price. Find the increased price when initially it was 20 per unit.[Ans. Increased price = * 25]