Question

as price commodity increase from rupees 4 per unit 5 unit demand fall from 20 unit 10 unit find out the elasticity of demand​

Answer 1

Answer:

Answer. It is given that if the price of a commodity increases from 4 to 5 Rs, so as the demand for the commodity falls from 20 to 10 units. We have to find out the Elasticity of Demand. ... Thus, the elasticity of demand is 2.

Explanation:

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Answer 2

Explanation:

p=5 Q=1

p¹=5 Q¹=10

Ed=?

Ed=∆Q÷∆p×p÷q

=-10÷1×y2÷20

=(-)2

∆Q=Q¹-Q

=10-20

=-10

∆P=P¹-L

=5-4

=1

Demand is more elastic