Question

if price of a good rises from rs 46 to rs 50 per unit the demand decreases from 30 to 15 units. calculate coefficient of price elasticity of demand
​

Answer 1

Answer:

j

Explanation:

Chocolate. There are few foods that people feel as passionate about – a passion that goes

beyond a love for the “sweetness” of most candies or desserts: after all, few people crave

caramel, whipped cream, or bubble gum. Chocolate is, well, different. For the true chocoholic,

just thinking about chocolate can evoke a pleasurable response.

Two years ago, my wife and I travelled to the Amazon. On one of our expeditions, our guide

pointed out a cacao tree growing wild in the jungle. I had never seen one before.

Looking strangely alien, dozens of yellow-green pods hung from the trunk and stems of the

tree. Our guide picked one of the hand-sized fruits, stripped off the rippled outer layer with his

knife, and handed us chunks of the fibrous white pulp inside – the fruit of the cacao tree. Two

local children who had followed us into the fo