Question

price of a commodity fall from ₹15 to ₹10 as a result demand rises from 100 unit to 150 units use the expenditure to find the price elasticity of demand
​

Answer 1

Answer:

Given, P=Rs.15;P

1

=Rs.12;△P=P

1

−P=Rs.12−Rs.15=(−)Rs.3

Percentage change in price =

P

△P

×100=

15

−3

×100=(−)20%

Percentage change in quantity demanded =25%

Price elasticity of demand (E

d

)=(−)

Percentage change in price

Percentage change in quantity demanded

=(−)

(−)20%

25%

=1.25

Price elasticity of demand =1.25.

Answer 2

Explanation:

ask is dl of do pls do pc to post up pc top pics to