from the information given below compare the elasticity of demand for commodity x and commodity y
Attachments:
Answers
Answered by
3
Answer:
The price elasticity of demand for commodity - X is known to be twice that of commodity - Y. Price of X falls by 5 per cent while that of commodity - Y rises by 5 per cent.
Similar questions
History,
3 months ago
English,
3 months ago
Social Sciences,
3 months ago
Computer Science,
7 months ago
Biology,
11 months ago
Chemistry,
11 months ago