Question

IfAR = 15 and MR = 5, the price elasticity of demand
is-​

Answer 1

Answer:

If AR = 15 and MR = 5, the price elasticity of demand is · Eduncle Best Answer E = Where, A stands for Average Revenue M stands for Marginal utility.

I'M ALSO AN ECONOMICS AND COMMERCE STUDENT.

Explanation:

IF YOU ARE BENEFITED FROM MY ANSWER THEN PLEASE LET ME KNOW.

Answer 2

Answer:

E=1.5

Explanation:

Elasticity of demand = AR/AR-MR

AR=15

MR=5

SO, puting the value of AR & MR =>15/15-5 =>15/10 =>1.5

hope this is helpful