Question

3. When price of the commodity reduces from 5 per unit to 4 per unit, expenditure on the
commodity reduces from * 60 to 48. Find price elasticity of demand by percentage method.​

Answer 1

Answer:

Question:

➡️3. When price of the commodity reduces from 5 per unit to 4 per unit, expenditure on the

commodity reduces from * 60 to 48. Find price elasticity of demand by percentage method.

➡️Your Answer :)

35-34 = 1 percent

60-48 =12

1 percent = 12

The price of elasticity =1200

Step-by-step explanation:

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