Q.41)-If demand curve for camping tents is D 100000 - 17 P and supply curve is 8 = 50000, 8P, find the equilibrium Price?
- Rs. 1000
- Rs. 2000
- Rs. 4000
- Rs.500
Q.42)-If price of an article decrease from P1 to P2 25,quantity demanded increase from 90% units to 1200 units. If point elasticity of demand is 2 find P1?
- Rs. 20
- Rs. 30
- Rs.35
- Rs. 15
Q.43)-A company faces a -2.5 price elasticity of demand for its product. It is presently selling 10,000 units /month. If it wants to increase quantity sold by 6%, it must lower its price by-
- 3.50%
- 15%
- 2.50%
- 2.40%
Q.44)-If price of an article decreases from Rs.12 to Rs.10, quantity demanded increases from 1000 units to 1400 units. Find point elasticity of demand?
- 2.4
- -2
- -2.4
- 2
Q.45)-A manufacturer faces price elasticity of demand of a - 2 for its product. If it lowers it price by 5%, the increase in quantity sold will be-
- 3%
- 10%
- 2.50%
- 7%
Q.46)-If demand curve for a fishing rod is D = 37000 - 11P and supply curve is S = 12000 + 9P, find the equilibrium quantity?
- 1250 units
- 23250 units
- 52350 units
- 2500 units
Q.47)-If price of an article decreases from Rs. 25 to quantity demanded increase from Q1 units to 1500 units. If point elasticity of demand is1.25 find Q1?
- 900 units
- 1200 units
- 2000 units
- 1800 units
Q.48)-Calculate a country's GDP If for the year consumer spending is $400 million, government is $80 million, exports are $35 million and imports are $40 million.
- $625 million
- $465 million
- $475 million
- $635 million
Q.49)-If price of an article decreases from Rs P1 to Rs 75, quantity demanded increase from 1000 units. If point elasticity of demand is 3.2 find P1?
- Rs 85
- Rs 80
- Rs 90
- Rs 95
Q.50)-Suppose the equilibrium price for sugar is Rs 50/kg. if the government sets a price floor of Rs 70/kg then_____.
- Quanity to sugar demanded will be greater than the quantity demanded at equilibrium price
- There will be a shortage of sugar in the market
- There will be a surplus of sugar in the market
- Quantity of sugar supplied will be less than what was supplied at the equilibrium price