93. In the case of a straight line consult curve meeting the fresh new a couple axes, the cost-suppleness off request on mid-area of the line is: (a) 0 (b) step one (c) 1.5 (d) dos Respond to: (b) step 1

(a) Elasticity at point A = ?, at B = > 1, at C = 1, at D = < 1 and E = 0 (b) Elasticity at A = 0, at B = < 1, at C = 1, at D = > 1 and E = ? (c) Elasticity at A = 0, at B > 1, at C = 1, at D = < 1 and at E = 0 (d) None of these Answer: (a) Elasticity at point A = ?, at B = > 1, at C = 1, at D = < 1 and E = 0

96. The price elasticity of demand at the midpoint of the straight line demand curve under point method is ________. (a) 0 (b) 1 (c) > 1 (d) < 1 Answer: (b) 1

97. Part elasticity is wonderful for which of the adopting the facts? (a) The newest bookstore try given increasing the cost of laptops. (b) A restaurant is actually given reducing the price of the most high-priced foods because of the 50 percent. (c) An automible manufacturer is interested inside the determining the newest response out-of users towards the cost of autos getting paid off by the ? one hundred. (d) Not one of the more than. Answer: (c) A car manufacturer has an interest inside the deciding the response regarding users towards price of cars becoming decreased by the ? one hundred.

98. The expense of an item decreases regarding ? 6 so you’re able to ? 4 and the number de–manded of the an excellent expands off 10 units in order to 15 tools, and also the coefficient out of rates elasticity. (Fool around with Point Flexibility Approach) (a) step one.5 (b) dos.5 (c) – 1.5 (d) 0.5 Address: (c) – step one.5

99. In the event your price of sky-conditioner increases of ? 31,100000 to ? 31,010 and resultant change in request is minimal, we utilize the measure of ________ to measure flexibility. (a) Area suppleness. (b) Prime flexibility. (c) Prime inelasticity. (d) Speed suppleness. Answer: (a) Part flexibility.

Elasticity ranging from a couple items: (a) Section suppleness (b) Arch flexibility (c) Mix elasticity (d) Not one Answer: (b) Arc flexibility

101. Suppose the cost of movies viewed on a theatre goes up off ? 120 for every individual ? 200 each people. What is the price flexibility regarding need for movies? (Explore Arch Elasticity Approach) (a) 5 (b) 8 (c) 1.0 (d) step 1.dos Respond to: (b) 8

102. Suppose a shop keeps sales on the the silverware. If your cost of a plate-form was smaller regarding ? 3 hundred to ? 200 additionally the quantity needed expands off step three,000 plate-setup so you can 5,one hundred thousand dish-settings, what is the speed flexibility out-of interest in cutlery? (Fool around with Arch Elasticity Approach) (a) .8 (b) step one.0 (c) step 1 escort Burbank.25 (d) step one.50 Answer: (c) 1.twenty-five

103. In case the local pizzeria enhances the cost of a media pizza regarding ? 60 to help you ? one hundred and you will quantity demanded drops from 700 pizzas a night to help you a hundred pizzas a night, the price elasticity out-of need for pizzas is actually: (Fool around with Arch Suppleness Strategy) (a) .67 (b) step 1.5 (c) 2.0 (d) step three.0 Address: (d) 3.0

The newest the fresh atre director sees the increase in rates reasons attendance in the a given film to-fall out-of 300 persons so you can 200 persons

104. If the aside from alterations in their speed, the amount needed a good remains undamaged, then the request contour with the a was: (a) Lateral. (b) Vertical. (c) Definitely sloped. (d) Negatively sloped. Answer: (b) Vertical.