Question

price elasticity of demand of a good is -0.5 if it's price decreases by 10% then quantity demand will ​

Answer 1

Answer:

-0.05 is the answer I am sure

folIow me I will folIow you .

Answer 2

Explanation:

Usually economists describe demand as either relatively elastic or relatively inelastic when compared to an imaginary neutral amount of elasticity. That is, if a 10% increase in price results in a 10% decrease in the amount of the good demanded, we think of that as a neutral elasticity of demand.