Question

let slope of demand curve = -5. calculate Ed when initial price is Rs. 20 per unit and initial quality is 50 per units of the commodity . plz slove it . i will mark u as a brainliest

Answer 1

Elasticity of demand has a formula in relation with slope.

Ed= 1/slope * P/Q

Ed = 1/5 * 20/50

Ed = 1/5 * 2/5

Ed = 2/25

Answer 2

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the answer is in the pictures