Question

plz solve this ques of economy..​

Answer 1

by spending 60 rupees consumer get (60/5)=12units of the good when price =5 per unit.

when price fall by 20%.then per unit price of the good ={(80/100)*5}=4 per unit.

So at price 4/unit,person get (60/4)=15units by spending 60 rupees.

price elasticity of demand=[{(12-15)/(5-4)}*(5/12)]

= -(5/4)= -1.25

Answer 2

it us badis pib rfbnk....