{"id":90306,"date":"2025-06-01T10:25:01","date_gmt":"2025-06-01T10:25:01","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=90306"},"modified":"2025-06-01T10:25:01","modified_gmt":"2025-06-01T10:25:01","slug":"suppose-the-price-of-mangoes-increases-from-%e2%82%b9-50-per-kg-to-%e2%82%b9-75-per-kg","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/suppose-the-price-of-mangoes-increases-from-%e2%82%b9-50-per-kg-to-%e2%82%b9-75-per-kg\/","title":{"rendered":"Suppose the price of mangoes increases from \u20b9 50 per kg to \u20b9 75 per kg"},"content":{"rendered":"

Suppose the price of mangoes increases from \u20b9 50 per kg to \u20b9 75 per kg. Due to this, the demand for mangoes declines from 100 kg to 50 kg. Which one of the following is the price elasticity of demand for mangoes?<\/p>\n

[amp_mcq option1=”4″ option2=”3″ option3=”2″ option4=”1″ correct=”option4″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CAPF – 2018<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe correct answer is D) 1.
\n<\/section>\n
\nThe price elasticity of demand (Ed) can be calculated using the point elasticity formula. Using the initial point:
\nPrice (P1) = \u20b950, Quantity (Q1) = 100 kg
\nPrice (P2) = \u20b975, Quantity (Q2) = 50 kg
\nChange in Quantity (\u0394Q) = Q2 – Q1 = 50 – 100 = -50
\nChange in Price (\u0394P) = P2 – P1 = 75 – 50 = 25
\nEd = |(\u0394Q \/ Q1) \/ (\u0394P \/ P1)| or |(\u0394Q \/ \u0394P) * (P1 \/ Q1)|
\nEd = |(-50 \/ 100) \/ (25 \/ 50)| = |-0.5 \/ 0.5| = |-1| = 1.
\nUsing the formula |(\u0394Q \/ \u0394P) * (P1 \/ Q1)| = |(-50 \/ 25) * (50 \/ 100)| = |-2 * 0.5| = |-1| = 1.
\nUsing the final point (P2, Q2) would yield Ed = |(-50 \/ 25) * (75 \/ 50)| = |-2 * 1.5| = |-3| = 3. However, the standard calculation from the initial state is typically preferred unless using the midpoint formula (which would yield approx 1.67, not an option). Given the options, 1 is the result of the standard point elasticity calculation from the initial price and quantity.
\n<\/section>\n
\nPrice elasticity of demand measures the responsiveness of the quantity demanded to a change in price. An elasticity of 1 means the demand is unit elastic, where the percentage change in quantity demanded is equal to the percentage change in price.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Suppose the price of mangoes increases from \u20b9 50 per kg to \u20b9 75 per kg. Due to this, the demand for mangoes declines from 100 kg to 50 kg. Which one of the following is the price elasticity of demand for mangoes? [amp_mcq option1=”4″ option2=”3″ option3=”2″ option4=”1″ correct=”option4″] This question was previously asked in … <\/p>\n

Detailed SolutionSuppose the price of mangoes increases from \u20b9 50 per kg to \u20b9 75 per kg<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[1114,1379,1120],"class_list":["post-90306","post","type-post","status-publish","format-standard","hentry","category-upsc-capf","tag-1114","tag-agriculture-and-allied-sectors","tag-economic-development","no-featured-image-padding"],"yoast_head":"\nSuppose the price of mangoes increases from \u20b9 50 per kg to \u20b9 75 per kg<\/title>\n<meta name=\"description\" content=\"The correct answer is D) 1. The price elasticity of demand (Ed) can be calculated using the point elasticity formula. Using the initial point: Price (P1) = \u20b950, Quantity (Q1) = 100 kg Price (P2) = \u20b975, Quantity (Q2) = 50 kg Change in Quantity (\u0394Q) = Q2 - Q1 = 50 - 100 = -50 Change in Price (\u0394P) = P2 - P1 = 75 - 50 = 25 Ed = |(\u0394Q \/ Q1) \/ (\u0394P \/ P1)| or |(\u0394Q \/ \u0394P) * (P1 \/ Q1)| Ed = |(-50 \/ 100) \/ (25 \/ 50)| = |-0.5 \/ 0.5| = |-1| = 1. Using the formula |(\u0394Q \/ \u0394P) * (P1 \/ Q1)| = |(-50 \/ 25) * (50 \/ 100)| = |-2 * 0.5| = |-1| = 1. Using the final point (P2, Q2) would yield Ed = |(-50 \/ 25) * (75 \/ 50)| = |-2 * 1.5| = |-3| = 3. However, the standard calculation from the initial state is typically preferred unless using the midpoint formula (which would yield approx 1.67, not an option). Given the options, 1 is the result of the standard point elasticity calculation from the initial price and quantity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/suppose-the-price-of-mangoes-increases-from-\u20b9-50-per-kg-to-\u20b9-75-per-kg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suppose the price of mangoes increases from \u20b9 50 per kg to \u20b9 75 per kg\" \/>\n<meta property=\"og:description\" content=\"The correct answer is D) 1. The price elasticity of demand (Ed) can be calculated using the point elasticity formula. Using the initial point: Price (P1) = \u20b950, Quantity (Q1) = 100 kg Price (P2) = \u20b975, Quantity (Q2) = 50 kg Change in Quantity (\u0394Q) = Q2 - Q1 = 50 - 100 = -50 Change in Price (\u0394P) = P2 - P1 = 75 - 50 = 25 Ed = |(\u0394Q \/ Q1) \/ (\u0394P \/ P1)| or |(\u0394Q \/ \u0394P) * (P1 \/ Q1)| Ed = |(-50 \/ 100) \/ (25 \/ 50)| = |-0.5 \/ 0.5| = |-1| = 1. Using the formula |(\u0394Q \/ \u0394P) * (P1 \/ Q1)| = |(-50 \/ 25) * (50 \/ 100)| = |-2 * 0.5| = |-1| = 1. Using the final point (P2, Q2) would yield Ed = |(-50 \/ 25) * (75 \/ 50)| = |-2 * 1.5| = |-3| = 3. However, the standard calculation from the initial state is typically preferred unless using the midpoint formula (which would yield approx 1.67, not an option). Given the options, 1 is the result of the standard point elasticity calculation from the initial price and quantity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/suppose-the-price-of-mangoes-increases-from-\u20b9-50-per-kg-to-\u20b9-75-per-kg\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T10:25:01+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Suppose the price of mangoes increases from \u20b9 50 per kg to \u20b9 75 per kg","description":"The correct answer is D) 1. The price elasticity of demand (Ed) can be calculated using the point elasticity formula. Using the initial point: Price (P1) = \u20b950, Quantity (Q1) = 100 kg Price (P2) = \u20b975, Quantity (Q2) = 50 kg Change in Quantity (\u0394Q) = Q2 - Q1 = 50 - 100 = -50 Change in Price (\u0394P) = P2 - P1 = 75 - 50 = 25 Ed = |(\u0394Q \/ Q1) \/ (\u0394P \/ P1)| or |(\u0394Q \/ \u0394P) * (P1 \/ Q1)| Ed = |(-50 \/ 100) \/ (25 \/ 50)| = |-0.5 \/ 0.5| = |-1| = 1. Using the formula |(\u0394Q \/ \u0394P) * (P1 \/ Q1)| = |(-50 \/ 25) * (50 \/ 100)| = |-2 * 0.5| = |-1| = 1. Using the final point (P2, Q2) would yield Ed = |(-50 \/ 25) * (75 \/ 50)| = |-2 * 1.5| = |-3| = 3. However, the standard calculation from the initial state is typically preferred unless using the midpoint formula (which would yield approx 1.67, not an option). Given the options, 1 is the result of the standard point elasticity calculation from the initial price and quantity.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/suppose-the-price-of-mangoes-increases-from-\u20b9-50-per-kg-to-\u20b9-75-per-kg\/","og_locale":"en_US","og_type":"article","og_title":"Suppose the price of mangoes increases from \u20b9 50 per kg to \u20b9 75 per kg","og_description":"The correct answer is D) 1. The price elasticity of demand (Ed) can be calculated using the point elasticity formula. Using the initial point: Price (P1) = \u20b950, Quantity (Q1) = 100 kg Price (P2) = \u20b975, Quantity (Q2) = 50 kg Change in Quantity (\u0394Q) = Q2 - Q1 = 50 - 100 = -50 Change in Price (\u0394P) = P2 - P1 = 75 - 50 = 25 Ed = |(\u0394Q \/ Q1) \/ (\u0394P \/ P1)| or |(\u0394Q \/ \u0394P) * (P1 \/ Q1)| Ed = |(-50 \/ 100) \/ (25 \/ 50)| = |-0.5 \/ 0.5| = |-1| = 1. Using the formula |(\u0394Q \/ \u0394P) * (P1 \/ Q1)| = |(-50 \/ 25) * (50 \/ 100)| = |-2 * 0.5| = |-1| = 1. Using the final point (P2, Q2) would yield Ed = |(-50 \/ 25) * (75 \/ 50)| = |-2 * 1.5| = |-3| = 3. However, the standard calculation from the initial state is typically preferred unless using the midpoint formula (which would yield approx 1.67, not an option). Given the options, 1 is the result of the standard point elasticity calculation from the initial price and quantity.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/suppose-the-price-of-mangoes-increases-from-\u20b9-50-per-kg-to-\u20b9-75-per-kg\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T10:25:01+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/suppose-the-price-of-mangoes-increases-from-%e2%82%b9-50-per-kg-to-%e2%82%b9-75-per-kg\/","url":"https:\/\/exam.pscnotes.com\/mcq\/suppose-the-price-of-mangoes-increases-from-%e2%82%b9-50-per-kg-to-%e2%82%b9-75-per-kg\/","name":"Suppose the price of mangoes increases from \u20b9 50 per kg to \u20b9 75 per kg","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T10:25:01+00:00","dateModified":"2025-06-01T10:25:01+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The correct answer is D) 1. The price elasticity of demand (Ed) can be calculated using the point elasticity formula. Using the initial point: Price (P1) = \u20b950, Quantity (Q1) = 100 kg Price (P2) = \u20b975, Quantity (Q2) = 50 kg Change in Quantity (\u0394Q) = Q2 - Q1 = 50 - 100 = -50 Change in Price (\u0394P) = P2 - P1 = 75 - 50 = 25 Ed = |(\u0394Q \/ Q1) \/ (\u0394P \/ P1)| or |(\u0394Q \/ \u0394P) * (P1 \/ Q1)| Ed = |(-50 \/ 100) \/ (25 \/ 50)| = |-0.5 \/ 0.5| = |-1| = 1. Using the formula |(\u0394Q \/ \u0394P) * (P1 \/ Q1)| = |(-50 \/ 25) * (50 \/ 100)| = |-2 * 0.5| = |-1| = 1. Using the final point (P2, Q2) would yield Ed = |(-50 \/ 25) * (75 \/ 50)| = |-2 * 1.5| = |-3| = 3. However, the standard calculation from the initial state is typically preferred unless using the midpoint formula (which would yield approx 1.67, not an option). Given the options, 1 is the result of the standard point elasticity calculation from the initial price and quantity.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/suppose-the-price-of-mangoes-increases-from-%e2%82%b9-50-per-kg-to-%e2%82%b9-75-per-kg\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/suppose-the-price-of-mangoes-increases-from-%e2%82%b9-50-per-kg-to-%e2%82%b9-75-per-kg\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/suppose-the-price-of-mangoes-increases-from-%e2%82%b9-50-per-kg-to-%e2%82%b9-75-per-kg\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC CAPF","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-capf\/"},{"@type":"ListItem","position":3,"name":"Suppose the price of mangoes increases from \u20b9 50 per kg to \u20b9 75 per kg"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/90306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=90306"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/90306\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=90306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=90306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=90306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}