Economy, asked by hsxvs38321, 9 months ago

If price of an article decreases from Rs P1 to Rs 190, when quantity demanded increases from 5000 units to 5200 units, and if point elasticity of demand is -0.8 find P1?
A) Rs 220 B) Rs 240 C) Rs 200 D) Rs 250

Answers

Answered by topper05

2

When the price falls from Rs. 10 to 8 quantity demand increases from 1 to 2. In the same way as price falls, quantity ...

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