Question

price elasticity of demand of two goods A and B is -3 and -4 respectively. which of the two goods has higher elasticity and why..​

Answer 1

HEY MATE

HERE IS YOUR ANSWER

Price of elasticity of demand of two goods A and B is -3 and -4 respectively..

Good A = -3

Good B = -4

Good B has higher elasticity as compared to good A. It is because with change in price by 1% , Demand for good B change by 4 % , while in case of good A change by only 3 %..

( - Negative sign will no matter on the elasticity of demand, so we ignore the -Negative sign...)

HOPE ITS HELPFUL

MARK AS BRAINLIEST PLZ....

Answer 2

Good B (-4) has more elastic.....