revised edition of the Demand Schedules.....
Elastic demand
1)LCD TV
PRICE
Q.D
45000 100 ep=1.125
50000 80
65000 40
70000 35
75000 25
%change in price= 66.66% %change in q.d=75%
2)REFRIDGERATORS
PRICE Q.D
25000 50
30000 25 ep=1.125
35000 20
40000 15
45000 5
%price=80%
%q.d=90%
3)JEWELLERY (DAIMOND)
PRICE Q.D
30000 200 ep=1.425
35000 100
40000 50
45000 25
50000 10
%price=66.66%
%qd=95%
4)LUXURY CAR(AUDI A6)
PRICE
Q.D
3000000 100 ep=1.380
3500000 50
4000000 25
4500000 10
5000000 8
Price%=66.66%
qd%= 92%
5)WASHING MACHINE
PRICE Q.D
25000 150
30000 75 ep=1.125
35000 55
40000 35
45000 15
%price=80%
%qd=90%
INELASTIC DEMAND
1)SALT
PRICE Q.D
40 100
50 80
60 72 ep=0.4
70 66
80 60
Price%=100% qd%=40%
2)MEDICINES
PRICE Q.D
60 250
70 250 ep=0.096
80 245
85 242
90 238
Price%= 50% qd%=4.8%
3)SEASONAL VEGETABLES
PRICE Q.D
70 75
85 64 ep=0.443
90 63
105 57
110 56
P%=57.14% qd%=25.33%
4)ESSENTIAL CLOTHING
PRICE Q.D
110 125
115 120 ep=0.440
125 118
150 110
200 80
%p=81.81%
%qd=36%
5)PETROL
PRICE Q.D
45 100
50 95
65 80 ep=0.405
70 76
75 73
%p=66.66% %qd=27%
------------------------------------------------------------------------------------------------------------------------------------------
No comments:
Post a Comment