Question

out the price elasticity of demand.
{Ed = (-) 0.55)
6. Following is the market demand schedule of commodity X. Calculate the coefficient of price elasticity
of demand, when price increases from 3 per unit to 5 per unit.
Price (3)
7
6
5
4
3
2
1
Demand (units) 500 750 1,250 2,000 3,250 4,750 8,000
E = (-) 0.92​

Answer 1

Answer:

I can't understand it

Explanation:

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