Question

Discuss the situations of price elasticity of demand class 11​

Answer 1

Answer:

If the percentage of change in demand is more than the percentage of change in price, then the demand is perfectly elastic. For instance, if a 10% increase in price causes a 20% drop in demand, then the coefficient of PED is 3, which means that the demand is perfectly elastic.

Answer 2

Answer:

answer is in the attachment

please mark the upper answer as brainliest...