Economy, asked by arohisharma47, 7 months ago

if the price of a commodity increases by 10% as a result it's quantity demanded decreases by 30% what will be the value of price elasticity of demand

Answers

Answered by theroyalvivek

18

Answer:

ans is 3

Explanation:

price elasticity= %age change in quantity demanded/%age change in price

here Ep= 30%/10%

so Ep= 3

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