Economy, asked by ciyapradhan, 1 year ago

calculate the quantity demanded of a commodity when the price increases from rupees 4 to 6 rupees the original quantity demanded was 40 units and the price elasticity of demand is 0.5​

Answers

Answered by shailesh1211
6

please make sure that the question is correct because in this case price elasticity must be negative

as according to law of demand with increase in price the quantity demanded will decrease

and in this question with positive elasticity of demand the quantity demanded is also increasing with increase in price which is not possible.

Thank you.


ciyapradhan: There is no mistake in this question and the price elasticity of demand is in positive that is 0.5.
shailesh1211: can you show me the question from book or where from you got that question please
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