Economy, asked by lalawatkartik77, 6 months ago

price elasticity of good x is known to be thrice that of good y. if price of the good x increases by 20 % and price of the good y decreases by 40 % then calculate percentage change in quantity demanded in both the cases.

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Answered by nagmakhatoon270

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price elasticity of good x is known to be thrice that of good y. if price of the good x increases by 20 % and price of the good y decreases by 40 % then calculate percentage change in quantity demanded in both the cases. i don't know

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price elasticity of good x is known to be thrice that of good y. if price of the good x increases by 20 % and price of the good y decreases by 40 % then calculate percentage change in quantity demanded in both the cases.​

Answers

price elasticity of good x is known to be thrice that of good y. if price of the good x increases by 20 % and price of the good y decreases by 40 % then calculate percentage change in quantity demanded in both the cases.