PRESIDIUM, INDIRAPURAM

GRADE 11 MICROECONOMICS
WORKSHEET (UNIT II Demand and Elasticity of demand)

Q.1 Define demand for a good.

Q.2 Define market demand.
Q.3 Define substitute and complementary goods.
Q.4 State any 3 factors that cause an increase in demand.
Q.5 State the Law of demand. Explain in brief the exceptions to law of demand.
Q.6 What is meant by price elasticity of demand? Discuss any 6 factors that affect it.
Q.7 Explain the various kinds of price elasticities of demand.
Q.8 State any 3 factors that cause decrease in demand of a commodity.
Q.9 Explain with the help of diagram the effect of following changes on the demand of a normal
commodity:
a. Fall in price of substitute good
b. Fall in income of the consumer
c. Rise in taste and preferences of the commodity
d. Fall in price of the commodity
e. Rise in price of the commodity
Q.1
0

Q.1
1

1
 PRESIDIUM, INDIRAPURAM

Q.1
2

Q.1 The demand function of a commodity x is given

3 Q x =20−3 P x
Find out the value of P x when Q x is given:
5
7
9
10
14
Q.1 The demand function of a commodity x is given
4 Q x =50−5 P x
a. Find the demand when price is 4 rupees.
b. Find the price when demand will be 40 units.
c. Find the price when demand is 0.
Q.1 Calculate the price elasticity of demand if demand increases from 100 units to 125 units due to fall
5 in price from ₹8 to ₹6.
Q.1 At a price of ₹ 20 per unit, the quantity demanded of a commodity is 300 units. If the price falls by
6 10 %, its quantity demanded rises by 60 units. Calculate its price elasticity.
Q.1 The market demand for a good at a price of ₹ 10 per unit is 100 units. When its price changes its
7 market demand falls to 50 units. Find out the new price if the price elasticity of demand is (–)2.
Q.1 A consumer buys 160 units of a good at a price of ₹ 8 per unit. Price falls to ₹ 6 per unit. How much
8 quantity will the consumer buy at a new price if price elasticity of demand is (–)1?
Q.1 With a 10% fall in the price of a commodity, the number of units demanded rises from 20 to 25.
9 Determine the price elasticity of demand.
Q.2 The market demand for a good at₹ 4 per unit is 100 units. The price rises and as a result its market
0 demand falls to 75 units. Find out the new price if the price elasticity of demand of that good is (–)1.
Q.2 If the elasticity of demand for salt is zero and a household demands 2 kg. of salt in a month at ₹ 5
1 per kg, how much will it demand at ₹ 7.50 per kg?