Economy, asked by Skyman5, 1 year ago

A consumer
A consumer spend rs 90 on a good , when the price of a good is 9 per unit. When the price falls to 6 per unit he spends 120 rs. Calculate the elasticity of demand by percentage method

Answers

Answered by sreyesh3

0

Answer:

answer is @3%

Explanation:

Ped= Q2 - Q1/ P2 - P1 * P1/ Q1

Ped = 20-10/9-6*9/10

Ped = 10/3*9/10

Ped = 3%

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