1.

The city of New Delhi eliminated parking meters and made all street parking
downtown free. Lowering the price to ₹ 0 is a 100% percent decrease in the price of
parking. After doing so, it found that the number of people driving into town
increased by 30%, percent each month, Find the cross-price elasticity of demand for
parking and driving in to the city .
2. When axes are changed between price and quantity demanded , can we explain the
law of demand ?
3. Mohan is researching consumer reactions. He has determined that when the price of
hand lotion increases 1, percent, the quantity demanded of tissues increases 10percent.
What type of elasticity is to be measured for this?
4. Three effects that explains the reasons for sloping downwards of demand curve
5. When the slope is zero in demand equation, what will be shape of the graph?