{"id":90494,"date":"2025-06-01T10:29:38","date_gmt":"2025-06-01T10:29:38","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=90494"},"modified":"2025-06-01T10:29:38","modified_gmt":"2025-06-01T10:29:38","slug":"kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa\/","title":{"rendered":"Kumar used to eat 30 samosas in a month when the price of each samosa"},"content":{"rendered":"<p>Kumar used to eat 30 samosas in a month when the price of each samosa was \u20b912. When the price of samosa increased to \u20b915 per piece, he eats only 20 samosas a month. What is the price elasticity of demand for samosa by Kumar ?<\/p>\n<p>[amp_mcq option1=&#8221;1.33&#8243; option2=&#8221;1.00&#8243; option3=&#8221;0.75&#8243; option4=&#8221;0.08&#8243; correct=&#8221;option1&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC CAPF &#8211; 2020<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-capf-2020.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-capf-2020\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nPrice Elasticity of Demand (Ed) is calculated as the absolute value of the ratio of the percentage change in quantity demanded to the percentage change in price.<br \/>\nInitial Price (P1) = \u20b912, Initial Quantity (Q1) = 30 samosas<br \/>\nNew Price (P2) = \u20b915, New Quantity (Q2) = 20 samosas<br \/>\nChange in Quantity (\u0394Q) = Q2 &#8211; Q1 = 20 &#8211; 30 = -10<br \/>\nChange in Price (\u0394P) = P2 &#8211; P1 = 15 &#8211; 12 = 3<br \/>\nPercentage change in quantity demanded = (\u0394Q \/ Q1) * 100 = (-10 \/ 30) * 100 = -33.33%<br \/>\nPercentage change in price = (\u0394P \/ P1) * 100 = (3 \/ 12) * 100 = 25%<br \/>\nPrice Elasticity of Demand (Ed) = |(Percentage change in quantity demanded) \/ (Percentage change in price)| = |-33.33% \/ 25%| = |-1.333&#8230;| = 1.33<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nThe price elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in its price. A value greater than 1 indicates elastic demand.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nThe calculation uses the initial price and quantity as the base for percentage changes. The result of 1.33 suggests that the demand for samosas is elastic for Kumar, meaning a 1% increase in price leads to a more than 1% decrease in quantity demanded.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Kumar used to eat 30 samosas in a month when the price of each samosa was \u20b912. When the price of samosa increased to \u20b915 per piece, he eats only 20 samosas a month. What is the price elasticity of demand for samosa by Kumar ? [amp_mcq option1=&#8221;1.33&#8243; option2=&#8221;1.00&#8243; option3=&#8221;0.75&#8243; option4=&#8221;0.08&#8243; correct=&#8221;option1&#8243;] This question was &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Kumar used to eat 30 samosas in a month when the price of each samosa\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa\/#more-90494\">Detailed Solution<span class=\"screen-reader-text\">Kumar used to eat 30 samosas in a month when the price of each samosa<\/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":[1288,1120,1261],"class_list":["post-90494","post","type-post","status-publish","format-standard","hentry","category-upsc-capf","tag-1288","tag-economic-development","tag-nature-of-indian-economy","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kumar used to eat 30 samosas in a month when the price of each samosa<\/title>\n<meta name=\"description\" content=\"Price Elasticity of Demand (Ed) is calculated as the absolute value of the ratio of the percentage change in quantity demanded to the percentage change in price. Initial Price (P1) = \u20b912, Initial Quantity (Q1) = 30 samosas New Price (P2) = \u20b915, New Quantity (Q2) = 20 samosas Change in Quantity (\u0394Q) = Q2 - Q1 = 20 - 30 = -10 Change in Price (\u0394P) = P2 - P1 = 15 - 12 = 3 Percentage change in quantity demanded = (\u0394Q \/ Q1) * 100 = (-10 \/ 30) * 100 = -33.33% Percentage change in price = (\u0394P \/ P1) * 100 = (3 \/ 12) * 100 = 25% Price Elasticity of Demand (Ed) = |(Percentage change in quantity demanded) \/ (Percentage change in price)| = |-33.33% \/ 25%| = |-1.333...| = 1.33 The price elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in its price. A value greater than 1 indicates elastic demand.\" \/>\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\/kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kumar used to eat 30 samosas in a month when the price of each samosa\" \/>\n<meta property=\"og:description\" content=\"Price Elasticity of Demand (Ed) is calculated as the absolute value of the ratio of the percentage change in quantity demanded to the percentage change in price. Initial Price (P1) = \u20b912, Initial Quantity (Q1) = 30 samosas New Price (P2) = \u20b915, New Quantity (Q2) = 20 samosas Change in Quantity (\u0394Q) = Q2 - Q1 = 20 - 30 = -10 Change in Price (\u0394P) = P2 - P1 = 15 - 12 = 3 Percentage change in quantity demanded = (\u0394Q \/ Q1) * 100 = (-10 \/ 30) * 100 = -33.33% Percentage change in price = (\u0394P \/ P1) * 100 = (3 \/ 12) * 100 = 25% Price Elasticity of Demand (Ed) = |(Percentage change in quantity demanded) \/ (Percentage change in price)| = |-33.33% \/ 25%| = |-1.333...| = 1.33 The price elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in its price. A value greater than 1 indicates elastic demand.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T10:29:38+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":"Kumar used to eat 30 samosas in a month when the price of each samosa","description":"Price Elasticity of Demand (Ed) is calculated as the absolute value of the ratio of the percentage change in quantity demanded to the percentage change in price. Initial Price (P1) = \u20b912, Initial Quantity (Q1) = 30 samosas New Price (P2) = \u20b915, New Quantity (Q2) = 20 samosas Change in Quantity (\u0394Q) = Q2 - Q1 = 20 - 30 = -10 Change in Price (\u0394P) = P2 - P1 = 15 - 12 = 3 Percentage change in quantity demanded = (\u0394Q \/ Q1) * 100 = (-10 \/ 30) * 100 = -33.33% Percentage change in price = (\u0394P \/ P1) * 100 = (3 \/ 12) * 100 = 25% Price Elasticity of Demand (Ed) = |(Percentage change in quantity demanded) \/ (Percentage change in price)| = |-33.33% \/ 25%| = |-1.333...| = 1.33 The price elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in its price. A value greater than 1 indicates elastic demand.","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\/kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa\/","og_locale":"en_US","og_type":"article","og_title":"Kumar used to eat 30 samosas in a month when the price of each samosa","og_description":"Price Elasticity of Demand (Ed) is calculated as the absolute value of the ratio of the percentage change in quantity demanded to the percentage change in price. Initial Price (P1) = \u20b912, Initial Quantity (Q1) = 30 samosas New Price (P2) = \u20b915, New Quantity (Q2) = 20 samosas Change in Quantity (\u0394Q) = Q2 - Q1 = 20 - 30 = -10 Change in Price (\u0394P) = P2 - P1 = 15 - 12 = 3 Percentage change in quantity demanded = (\u0394Q \/ Q1) * 100 = (-10 \/ 30) * 100 = -33.33% Percentage change in price = (\u0394P \/ P1) * 100 = (3 \/ 12) * 100 = 25% Price Elasticity of Demand (Ed) = |(Percentage change in quantity demanded) \/ (Percentage change in price)| = |-33.33% \/ 25%| = |-1.333...| = 1.33 The price elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in its price. A value greater than 1 indicates elastic demand.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T10:29:38+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\/kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa\/","url":"https:\/\/exam.pscnotes.com\/mcq\/kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa\/","name":"Kumar used to eat 30 samosas in a month when the price of each samosa","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T10:29:38+00:00","dateModified":"2025-06-01T10:29:38+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Price Elasticity of Demand (Ed) is calculated as the absolute value of the ratio of the percentage change in quantity demanded to the percentage change in price. Initial Price (P1) = \u20b912, Initial Quantity (Q1) = 30 samosas New Price (P2) = \u20b915, New Quantity (Q2) = 20 samosas Change in Quantity (\u0394Q) = Q2 - Q1 = 20 - 30 = -10 Change in Price (\u0394P) = P2 - P1 = 15 - 12 = 3 Percentage change in quantity demanded = (\u0394Q \/ Q1) * 100 = (-10 \/ 30) * 100 = -33.33% Percentage change in price = (\u0394P \/ P1) * 100 = (3 \/ 12) * 100 = 25% Price Elasticity of Demand (Ed) = |(Percentage change in quantity demanded) \/ (Percentage change in price)| = |-33.33% \/ 25%| = |-1.333...| = 1.33 The price elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in its price. A value greater than 1 indicates elastic demand.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/kumar-used-to-eat-30-samosas-in-a-month-when-the-price-of-each-samosa\/#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":"Kumar used to eat 30 samosas in a month when the price of each samosa"}]},{"@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\/90494","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=90494"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/90494\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=90494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=90494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=90494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}