Question

i) Calculate the price elasticity of demand when price increases from ₹5 to ₹15.​

Answer 1

Answer:

Price Elasticity

As mentioned in the question the price is increasing from ₹5 to ₹15 & quantity is decreasing from 20 unit to 5 unit.

Step By Step Explanation:

So,

∆Q = 20 - 5 = 15,

∆P = 15 - 5 = 10 .

P = ₹ 5 (Price)

Q = 20 units (Quantity)

Thus,

Price Elasticity = 3/8

Hope it may help you...

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Answer 2

Answer:

this one though question

i feel lazy to answer

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