Economy, asked by shainadas1020, 5 hours ago

A household spends rs. 120 on purchase of a commodity when it's price is rs. 6 per unit. When price rises to rs. 10 per unit, his total expenditure on this commodity becomes rs. 180. calculate price elasticity of demand by percentage change method .​

Answers

Answered by purnachandrasgt
0

Answer:

Given: Q−10,Q

1

=12,P=5,P

1

=4

ΔP=(4−5)=−1,ΔQ=(12−10)=2

E

d

=(−1)

Q

P

ΔP

ΔQ

=(−)

10

5

−1

2

=1

E

d

=1 Unitary elastic demand.

Explanation:

please Mark me brainly list

Similar questions