plz tell fast
and don't spam
Attachments:
Answers
Answered by
2
Answer:
new quantity Q1 = 500 units
original quantity Q = 600 units
change in quantity ️Q = -100 units
new price P1 = 40
original price P = 30
rise in price ️P = 10
Price elasticity of demand ED = ️Q/️P × P/Q = -100/10 × 30/600 = -0.5
Similar questions