Economy, asked by lalitraut0088, 1 month ago

1. The price of commo9dity increased by 20% and the demand for the same commodity
fall by 30% then the elasticity of demand would be-------
a) > 1 b)<1 c) zero d) none of these

Answers

Answered by rachitrandad31

2

option b is the right answer...

because if price increase consumption will less

then it will be less than ( 1 ) ..

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