Free CBSE Class 11 Microeconomics Chapter 6 Price Elasticity of Demand Notes PDF
Price Elasticity of Demand measures the responsiveness of quantity demanded to a price change. These notes cover degrees of elasticity, percentage and expenditure methods, geometric measurement and major determinants.
Board: CBSE · Class: 11 · Updated: 2026-08-31 · Access: Free, no registration
Important topics covered
- Meaning and degrees of price elasticity
- Percentage method
- Total expenditure method
- Geometric or point method
- Factors affecting elasticity of demand
Exam-focused revision checklist
- Ignore the negative sign when reporting the degree unless specifically discussed.
- Practise percentage and geometric numerical problems.
- Connect the total expenditure direction with elastic, inelastic and unitary demand.
Important questions with answer guidance
What should students explain about Meaning and degrees of price elasticity?
Meaning and degrees of price elasticity is an important part of Price Elasticity of Demand. Begin with its meaning, explain the main elements or relationship clearly, and support the answer with an example, schedule or diagram wherever the chapter requires it. Ignore the negative sign when reporting the degree unless specifically discussed.
What should students explain about Percentage method?
Percentage method is an important part of Price Elasticity of Demand. Begin with its meaning, explain the main elements or relationship clearly, and support the answer with an example, schedule or diagram wherever the chapter requires it. Practise percentage and geometric numerical problems.
What should students explain about Total expenditure method?
Total expenditure method is an important part of Price Elasticity of Demand. Begin with its meaning, explain the main elements or relationship clearly, and support the answer with an example, schedule or diagram wherever the chapter requires it. Connect the total expenditure direction with elastic, inelastic and unitary demand.
What should students explain about Geometric or point method?
Geometric or point method is an important part of Price Elasticity of Demand. Begin with its meaning, explain the main elements or relationship clearly, and support the answer with an example, schedule or diagram wherever the chapter requires it. Ignore the negative sign when reporting the degree unless specifically discussed.
Chapter MCQs with answers
MCQ 1: Which of the following is directly covered in Chapter 6: Price Elasticity of Demand?
- Meaning and scope of economics
- What, how and for whom to produce
- Meaning and degrees of price elasticity
- Meaning and measurement of utility
Answer: C. Meaning and degrees of price elasticity is one of the core topics covered in this chapter.
MCQ 2: Which of the following is directly covered in Chapter 6: Price Elasticity of Demand?
- Production possibility curve and schedule
- Total utility and marginal utility relationship
- Indifference curve and indifference map
- Percentage method
Answer: D. Percentage method is one of the core topics covered in this chapter.
MCQ 3: Which of the following is directly covered in Chapter 6: Price Elasticity of Demand?
- Total expenditure method
- Law of diminishing marginal utility
- Properties of indifference curves
- Law of demand and its assumptions
Answer: A. Total expenditure method is one of the core topics covered in this chapter.
MCQ 4: Which of the following is directly covered in Chapter 6: Price Elasticity of Demand?
- Budget set and budget line
- Geometric or point method
- Movement along and shift of the demand curve
- Relationship among TP, AP and MP
Answer: B. Geometric or point method is one of the core topics covered in this chapter.
Download Price Elasticity of Demand notes PDF for CBSE Class 11 Microeconomics
Use the complete chapter PDF for school tests, board-exam revision and concept review. View or download the free Price Elasticity of Demand notes PDF.
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This chapter-specific resource is organised by Smit Sir for Class 11 Commerce students. It is free to view and download and should be used alongside NCERT questions and the latest official CBSE sample papers.
Frequently asked questions
Are these Price Elasticity of Demand notes free?
Yes. The complete CBSE Class 11 chapter PDF can be viewed online or downloaded without payment or registration.
What is covered in Chapter 6?
The notes cover Meaning and degrees of price elasticity, Percentage method, Total expenditure method and the other important concepts listed on this page.
How should I use these notes for CBSE exam revision?
Start with the overview, revise each key topic, read the complete PDF and finish with the exam checklist, important questions and MCQs. Also practise NCERT questions and the latest official CBSE sample papers.
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- Previous: Chapter 5 Theory of Demand notes
- Next: Chapter 7 Production Function and Returns to a Factor notes
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Free calculators for Price Elasticity of Demand
Use these calculators to check the formula and step-by-step working after solving the numerical yourself.
- Price Elasticity of Demand Calculator for Class 11 Economics — Ed = (ΔQ ÷ ΔP) × (P ÷ Q)
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