Question

A 5% fall in price of X leads to a 10% rise in its
demand. In case of Good Y a 2% rise in price
leads to a 6% fall in its demand. In the given
is more elastic?
case
A) OX
B)OY
C) both X and Y are equally elastic
DO Both are inelastic​

Answer 1

Answer:

shsueyeuheusheudnsushsurheuyd6 I would be intereste5% fall in price of X leads to a 10% rise in its

demand. In case of Good Y a 2% rise in price

leads to a 6% fall in its demand. In the given

is more elastic?

case

A) OX

B)OY

C) both X and Y are equally elastic

DO Both are inelasticd a)ox