Economy, asked by jvhello9844, 11 months ago

A consumer buys 50 units of a good at rs 4 per units if its price falls b 25 per cent its demand rise to 100 units calculate its price elasticity of demand

Answers

Answered by manjotkaur83
8

Answer:

price elasticity of demand = percentage change in quantity demanded/ percentage change in prices

=50/25

= 2

Therefore Ed = 2

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