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CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
Explain the price elasticity of demand.
Asked by Topperlearning User
25th April 2016,
10:00 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
What is total expenditure method? Explain the three possible situations in the total expenditure method.
Asked by Topperlearning User
25th April 2016,
9:43 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
Draw a straight line demand curve and show the point at which the price elasticity of demand > 1 and the price elasticity of demand < 1.
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
Suppose 5% increase in price causes 5% increase in expenditure on the good, what is the price elasticity of demand?
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
Assume the consumer buys more of a good when the consumer’s income increases, how will the demand curve change?
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
Assume the price elasticity of demand for a good is equal to 1. When the price is Rs 5, the demand in the market is 200 units. What is the quantity demanded if the price falls to Rs 2?
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
What is rectangular hyperbola curve?
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
What is constant elasticity of demand?
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
Look at the demand curve of a good which is a straight line sloping downward. State whether the elasticity of demand is zero when the price is zero.
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
Explain the geometric method of measuring the elasticity of demand.
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
What are the factors determining the price elasticity of demand for a good?
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
What is price elasticity of demand?
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
Calculate an imaginary demand schedule for an individual consumer which is paradoxical to the law of demand.
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
In a market, there are 20 consumers of a good and the demand of each individual consumer is similar as given below: Price Demand of each consumer 10 18 8 20 4 24 2 28 Calculate the market demand for the good.
Asked by Topperlearning User
25th April 2016,
9:33 AM
CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour
What is market demand?
Asked by Topperlearning User
25th April 2016,
9:33 AM
