plz solve this numerical with proper solving and calculation
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Answer:
price before change (x)= 8 rupee
Explanation:
The formula of the price elasticity of demand=[(percentage change in quantity demanded)/(percentage change in price)]
So price elasticity of demand={(16-18)/16}÷(1/x) where x is the price before chane .
now settings the equation.
[{(16-18)}/16}÷(1/x)]= -1
or -(2/16)*x= -1
or, -(1/8)*x = -1
or, (1/8)*x =1
or x=8
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0
Answer:
i don't know eco .....lol....
Explanation:
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