A consumer buys 10 kg of rice at price of rupees 40 per kg.Price elasticicity of demand( - ) 1.How much quantity of it will be demanded if the price rises to rupees 50 per kg. Plzz help
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Price Elasticity of Supply ...
A 10% decrease in the price will result in only a 4.5% increase in the quantity demanded. Price elasticities of demand are negative numbers ...
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