Increase in demand refers to :

What will be elasticity of demand of a commodity when its price rises by 20% and quantity demanded falls from 125 units to 75 units?

Identify the correct sequence of events when a minimum support price is imposed:

(A) Government buys the surplus at the predetermined price.

(B) Situation of Surplus occurs due to imposition of floor price.

(C) Government sets a minimum price.

(D) Market equilibrium occurs by the intersection of demand and supply curves.

Choose the correct answer from the options given below:

Arrange the following statements with reference to the impact of government price regulations on goods within the framework of perfect competition:

A. Subsequently, Government sets minimum prices for these goods and services.

B. For certain goods and services, fall price below a particular level is not desirable.

C. Consequently, Government needs to buy the surplus at the predetermined price.

D. Thus, this leads to an excess supply the market.

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Suppose an individual buy 30 bananas when its price is Rs. 10 per banana. When the price increases to Rs. 14 per banana, she reduces her demand to 24 bananas. In this case,what will be the price elasticity of demand?

Let us consider a linear demand curve $q = a - bp$. On the same demand curve, arrange the elasticity in ascending order.

(A) $|e_D| = 1$.

(B) $|e_D| < 1$.

(C) $|e_D| > 1$.

(D) $|e_D| = 0$.

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If there is excess demand in the market, the price would tend to change. How would the demand change to bring the market back to the equilibrium?