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 of demand. ​

Answer 1

Answer:

0.0) demand IUI demand. 2 Price of a good falls from 10 to 8. As a result, the deman 80 units to 100 units. Find out price elasticity of demand ho metho

Answer 2

Answer: 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