Q.51)-If demand curve for trekking boots is D=11000-30P and supply is 5=4000+40P, What is the equilibrium Price?
- 50
- 100
- 150
- 200
Q.52)-If demand curve for racing cycles is D = 59600-6P and supply curve is S = 29600 + 4P, What is the equilibrium Quantity?
- 118000
- 300
- 41600
- 6000
Q.53)-If demand curve for racing cycles is D = 80200-13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?
- 2960 units
- 31220 units
- 8750 units
- 41720 units
Q.54)-A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by
- 7.5 percent
- 7.8 percent
- 10.2 percent
- 10 percent
Q.55)-If demand curve for trekking boots is D=67500-18P and supply is S=22500+12P, find the equilibrium Price?
- 1500
- 750
- 2250
- 500
Q.56)-A manufecturer faces price elasticity of demand of a 1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be________.
- 5.15 percent
- 7.65 percent
- 8 percent
- 5.12 percent
Q.57)-If qanitity of good X demanded increases from 4000 units to 5000 units when price of good Y increase from Rs 75 to Rs 90, find Arc Cross elasticity of demand?
- 0.55
- 1.66
- 0.25
- 1.22
Q.58)-Find arc elasticity of demand, if quantity demanded falls from 750 unit to 650 unit when price of the item is increased from Rs 15 to Rs 20?
- 0.5
- -0.5
- -2
- 2
Q.59)-In which stage of the buisness cycle the inventory stock will be the highest?
- Boom
- Depression
- Recession
- Recovery
Q.60)-If price of an article decreases from Rs 800 to Rs 700, quanitity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?
- 80 units
- 90 units
- 60 units
- 50 units
