Economy, asked by poorvasrij, 6 months ago

Price elasticity of demand for vegetables is -2 and of fruits is -3. Which of the two goods is more price elastic and why?

Answers

Answered by seemyadav

Answer:

fruits are more price elastic

Explanation:

this this is because the minus x indicates the negative relationship between price and quantity to avoid this confusion with prefix sum and assigned to the formula of elasticity of demand.

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Price elasticity of demand for vegetables is -2 and of fruits is -3. Which of the two goods is more price elastic and why?​

Answers

Price elasticity of demand for vegetables is -2 and of fruits is -3. Which of the two goods is more price elastic and why?