PED of X is known to be thrice that of Y. If price of the commodity X increases by 20 % and price of the commodity Y decreases by 40 %. Calculate percentage change in demand in both cases.
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PED of X is known to be thrice that of Y. If price of the commodity X increases by 20 % and price of the commodity Y decreases by 40 %. Calculate percentage change in demand in both cases.
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