Elasticity of demand of good X is half the elasticity of demand of good Y. A 25% rise in price of good Y reduces its demand from 400 to 300 units. Find percentage rise in demand of good X when its price falls from Rs.10 to Rs.8
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The price elasticity of demand of good x is double the price elasticity of demand of good y .A ten percent rise in the price of good y results in fall in its demand by 60 units if original demand of good y was 400 calculate percemtage rise in quant demanded of good x when its price falls from rs 10 to rs8 per units.
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