Economy, asked by abhijeetfromus1, 7 months ago

A person spends Rs 4500 for purchasing 90 units of a certain commodity. If the price increases by 20% then his expenditure will rise to Rs 6000. Calculate price elasticity of demand.

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Answered by mandeepchauhan87

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A person spends Rs 4500 for purchasing 90 units of a certain commodity. If the price increases by 20% then his expenditure will rise to Rs 6000. Calculate price elasticity of demand. ​

Answers

A person spends Rs 4500 for purchasing 90 units of a certain commodity. If the price increases by 20% then his expenditure will rise to Rs 6000. Calculate price elasticity of demand.