Question

a consumer spends rs 80 on a commodity at a price of rs 1 per unit and rs 100 at a price of rs 2 per unit. what is the ED?​

Answer 1

Explanation:

a consumer spends Rs 80 on a commodity at a price of Rs 1 per unit and Rs 100 at a price of Rs 2 per unit . what is the price elasticity of demand ? Thus, the price elasticity of demand is 0.375.May 1, 2015