Question

plzzz solve question 49 ,51 ,53, 54 and 56 get 38 points

Answer 1

here is answer of ques

Answer 2

If a 10 percent increase in price results in a 20 percent drop in demand, then the elasticity coefficient will be 20/10 = 2.0. Or if a 15 percent increase in price results in a 10 percent decline in quantity demanded, then the elasticity coefficient will be 15/10 = 0.67.