Question

price of commodity decreases from rs10 to rs5 per unit .if the price elasticity of demand is 3 and the original quantity demand is 40 unit . calculate the new quantity demand ​

Answer 1

Answer:

new quantity demand is 100

Explanation:

ped = ∆q/∆p*p/q

3 =q-40/5*10/40

3*20=q-40

q=60+40= 100

Answer 2

Answer:

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