Economy, asked by naumankhan7643, 11 months ago

Price elasticity of demand of a commodity is 2.if the quantity demanded increase by 1% what is the percentage change in price

Answers

Answered by khushigoyal234

2

Answer:0.5

Explanation:elasticity = change in quantity / change in price

2 = 1/p%

P% = 0.5%

Previous Question

Next Question

Similar questions

Biology, 6 months ago

which is the pore bearing animal? sponges jellyfish earthworm prawn ...

Chemistry, 6 months ago

Match the following - 1. Intermolecular space 2. Scientia 3. Organic Chemistry 4. Atom 5. New substance 6. Antiseptic Name the following - Tiny particles of matter Chemical change used to kill germs Branch of Chemistry Gaps between molecules Knowledge...

English, 6 months ago

a ______teacher us is in the school...

Hindi, 11 months ago

निम्नलिखित शब्दों में से उपसर्ग और मूल शब्द अलग कीजिए उसका निशक तत्काल प्रत्येक संभव निर्दोष निरक्षर सद्भावना 59 उत्पत्ति समालोचना सहायता...

Physics, 11 months ago

with the increase in length of a conductor its resistivity...

Art, 1 year ago

what is the meaning of glacier...

Math, 1 year ago

what is the answer about 100 divided by 20...

Math, 1 year ago

how many cricket player in the field...