Question

how to find p.e.d when percentage is not given? ​

Answer 1

Answer:

1) Calculating a Percentage

The price increases from $20 to 3) $22. Therefore % change = 2/20 = 0.1 (10%) 0.1 = 10% (0.1 *100)

2 ) Quantity fell by 13/100 = – 0.13 (13%)

3) Therefore PED = 13/-10.

4) Therefore PED = -1.3.

Answer 2

Explanation:

Calculating a Percentage

The price increases from $20 to $22. Therefore % change = 2/20 = 0.1 (10%) 0.1 = 10% (0.1 *100)

Quantity fell by 13/100 = – 0.13 (13%)

Therefore PED = 13/-10.

Therefore PED = -1.3.