Question

In each calculate the price elasticity of demand
i) The price of a product falls from $8to $6 causing demand to extends from 1250 to 12500
ii) Demand contracts from 500 to 400 when price rises from$40 to$42. iii) Demand extends from 2000 to 2800 when price falls from $20 to$18

Answer 1

Explanation:

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