Question

price elasticity of 10 consumer goods? give crct answer other wise i will report...i will mark u brainliest if u helped me​

Answer 1

Explanation:

If the change in quantity purchased is the same as the price change (say, 10%/10% = 1), the product is said to have unit (or unitary) price elasticity. Finally, if the quantity purchased changes less than the price (say, -5% demanded for a +10% change in price), then the product is termed inelastic.