Question

3. A company is currently selling its product at a price of Rs. 10. In
order to increase sales, the company effects a cut of 20% in price
which results in the demand going up from present 5,000 units to
7,000 units. Calculate elasticity of demand using (i) Proportionate
method and (ii) arc method.
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Answer 1

Answer:

I thinks it's proportionate method