Question

10. Price of a good-x rises from 20 per unit to 40 per unit. The consumer buys the same quantity, he bough
20 per unit. What would be the price elasticity of demand?

(a)
(b) 0
(c) 1
(d) <1​

Answer 1

Answer:

it's option c

Explanation:

Price of Elasticity = Change in the price of the quantity ÷ By The initial cost.

As 20 is the initial cost and the increase in price is 20 .

which here is 20÷ 20 which will lead to 1.

Answer 2

Answer:

c) 1

Explanation:

option c because formula is prise of elastic is =change in tht price of quantity ÷initial cost.