Question

As a result of 10% rise in the price of a good it's demand falls from 100 units to 90 units . Find out the price of elasticity

Answer 1

Answer:

There are several independently owned newspapers, most notably Mail & Guardian,

Hope it helps...

@Hopeless

Answer 2

Elasticity Of Demand = (-)ΔQ / ΔP

ΔQ% = ΔQ /Q × 100 [ 90 - 100 = ΔQ]

= 10 / 100 × 100

= 10%

AND, Δ P% = 10 % (given)

Ed = (-) 10% / 10%

= (-) 1