If the disposal income of a household increases by 10% and the demand for X commodity increased by 25%. The income elasticity of X is

Related MCQs

• If the disposal income of a household increases by 10% and the demand for X commodity increased by 10% the income elasticity of X is
• If the disposal income of a household decreases by 10% and the demand for X commodity remains same. The income elasticity of X is
• If the disposal income of a household increases by 10% and the demand for bread falls by 5%. The income elasticity of bread is
• An individual is spending his entire income on two items A and B equally. If income elasticity of A is 4 what is income elasticity of B
• If an individual is spending his entire income on two items A and B in the ratio of 60:40. If income elasticity of A is 5 what is income elasticity of B
• If prices of Eggs rises from `25 per dozen to `30 per dozen, the demand for vegetable burger increases from 30 per day to 40 per day, then the cross elasticity of eggs and vegetable burger is
• X a consumer spends his entire income on two commodities A and (B) if price of A increases by 10% and his expenditure on item B remains same, then the price elasticity of item A is
• If the price of coffee falls by 8% and the demand for Tea declines by 2%. The corss price elasticity of demand for Tea is
• Tea and Coffee are perfect substitute of each other, given the price of Tea and Coffee being `100 and `200 per Kg. a consumer is prepared to buy 3 Kg. of each. If the price of tea remain same and the price of Coffee rises to `400 per kg. the demand for Tea goes to 6 Kg. and that of Coffee falls to 1Kg. The elasticity of substitution between Tea and Coffee is
• The relationship between aggregate consumption expenditure and aggregate income of household sector is known as ………………………. function.