Question

If an analyst is concerned about the liquidity of a company's inventory, he would most likely look in the notes to the financial statements to determine the:

Answer 1

Explanation:

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