Question

{Ed for A = (-) 0,5, Ed for B = (-) 1; B is more elastic
10. Following is the demand schedule of commodity Y:
15
16
17
20
Price (*)
Demand (units)
100
40
80
50
40
calculate the elasticity of demand when (i) price rises from rs 15 to rs 20(i) when price falls from rs 20 to rs 15​

Answer 1

50

40

calculate the elasticity of demand when (i) price rises from rs 15 to rs 20(i) when price falls from rs 20 to rs 15