allons of statistics.
A consumer spends Rs. 1500 on a good priced at Rs.10 per unit. When price rises by 20 perce
consumer continues to spend Rs. 1500 on the good. Calculate price elasticity of demand by pe
change method.
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Explanation:
A consumer spends Rs. 1500 on a good priced at Rs.10 per unit. When price rises by 20 perce
consumer continues to spend Rs. 1500 on the good. Calculate price elasticity of demand by pe
change method.
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