Economy, asked by SanaRajeev, 5 months ago

ped=-5a consumer by 10kg at 5 ruppees per kg find new price if he buys 20kg​

Answers

Answered by nagmakhatoon270
0

Answer:

The degree of responsiveness of quantity demanded to changes in price of commodity is known as price elasticity of demand.

Question 2. Consider the demand for a good. At price Rs 4, the demand for the good is 25 units. Suppose price of the good increases to Rs 5, and as a result, the demand for the good falls to 20 units. Calculate the price elasticity? [3-4 Marks]

Answer:

NCERT Solutions for Class 12 Micro Economics Elasticity of Demand Q2

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