Question

At a price of rs.20 per unit the quantity
demanded of a commodity is 300 units
If the price falls by 10% its quantity demanded
rises by 60 units. Calculate its price.
elasticity.
​

Answer 1

Answer:

4/3

Explanation:

∆p=18

p=20

q=300

∆q=360

∆q/∆p×p/q

4/3