Economy, asked by paulrajdeep067, 3 months ago

A 20% fall in the price of sugar leeds to 25% rice in demond calculate the price elasticity of demond

Answers

Answered by karumurikishorekumar

0

Answer:

1.25

Explanation:

price elasticity of demand = %change in demand / %change in price = 25/20 = 1.25

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