Question

price of good Falls from 20 to 15 per unit its demand Rises from 600 units to 750 units calculate price elasticity of demand

Answer 1

Explanation:

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Answer 2

Answer:

price elasticity of demand =1

Explanation:

Q=600 ,∆Q=750-600=150

P=20, ∆P=20-15=5

Price elasticity of demand =∆Q/∆P×P/Q

=>ep=(150/5)×(20/600)

=>ep=1 (ans).