Economy, asked by manishapandey176, 8 months ago

Price elasticity of demand of good X is double the price elasticity of demand

of good Y. A 10 % rise in the price of good Y result in fall in its demand by

50 units. If original demand of commodity Y was 350, calculate percentage

rise in quantity demanded of good X when its price falls from ` 10 to ` 8 per

unit.

Answers

Answered by Anonymous

Explanation:

price rises and as a result its market demand falls to 75 units. ... What is the new price if price elasticity of demand is - 2 ? ... (Q10) Calculate the percentage fall in demand for a good whose price

Answered by Anonymous

The price elasticity of demand of good X si double the price elasticity of demand of Good Y . A 10% rise in the price of good Y results in fall in its demand by 60 units.

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